- US markets ended Positive after Trading in Negative Terrain Yesterday.
- Asian markets are Trading higher.
- SGX Nifty is up 100 Points & Trading Near 9380.
- Bank Nifty Underperformed Nifty Yesterday & all the Financials have taken a massive hit Yesterday.
- All Put Options are Trading at more than 500% Premium which shows that Markets are highly Oversold in Short term.
- Specially the Financials.
- Almost all the Economies are Slowly opening up & relaxing the Lockdown.
- India has also Started to do the same but the Disturbing aspect is the Positive cases seem to increase Drastically after some Relaxations.
- If the same Continues , we might be forced to Lockdown again.
- VIX was up 10% Yesterday and Option Premiums were Considerably high.
- FIIs & DII's were net sellers Yesterday and have sold more than 3000 crores combined.
- Indian Markets are awaiting for the Economic Package to be announced by the Government.
- Bank Nifty would continue to Underperform this Expiry.
- Sold 8000 PE , 8100 PE , 8200 PE , 8300 PE , 8400 PE , 8500 PE ,8600 PE , 8700 PE , 8800 PE , 8900 PE & 9000 PE.
- The motive of selling Puts at Various strike Prices is to reduce risk.
- Sold Call Options Ranging from 9,900 to 10500.
- Will be collecting 4.8% on my Capital Deployed in just 3 working days if Nifty Expires between 9000 &10,000.
- All my Trades are of Weekly Expiry only.
- This Strategy requires lot of Adjustments so I don't advice anybody to follow me unless you are thorough with Adjustments and know how to deal with risk.
- Expecting Markets to be Sideways in first half of the Trading Session today.
- If Bears are Unable to take Markets lower in the first half then there might be a Short Covering Rally in the 2nd half of today's Trading Session.
- Nifty might Trade between 9250 to 9500 today.
- Expecting VIX to fall from here for this Expiry which would indirectly benefit for Option Selling.
- Expecting Nifty to Expire between 9000 to 9900 for this Weekly Expiry.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
Comments
Thanks for always updating us:)