- US markets closed on a Flat Note Yesterday.
- Asian Markets are mostly Negative.
- Nasdaq closed above 10K for the first time & is not Trading at its all Time Highs.
- SGX Nifty is down 50 Points and Trading near 10100.
- Yesterdays Fed Event in U.S dint have much juice and became a Non Event for the Markets .
- Yesterday in between 3pm to 3.20 pm Nifty went up 100 Points and Bank Nifty went up 500 Points.
- This must have been due to Short Covering but the pace at which things are happening in this Market is Extraordinary now.
- This whole week Markets have been Highly Volatile.
- In Spite of such huge Volatility and ups and downs markets are Trading within the range itself.
- Nifty seemed like breaking 10k many times but Couldn't .
- Nor it's breaking on the up side.
- Expecting Markets to continue within this Range for some more time now.
- From last 2 Months , Markets have been Consolidating for first 3 weeks but giving a Breakout in this Final week.
- Expecting this Month to be the same & in last week we might get a Breakout.
- Due to Margins being Decreased Options Market Volatility has been Increased & Contract Size for each strike is almost 1 crore now
- Previously it hardly used to be 20-30 lakh.
- Surprisingly, FII's were net sellers Yesterday & DII's were Net Buyers.
- Supreme Court AGR Case Verdict is another important event to watch out for today.
- Supreme Court is likely to allow Telcos to pay their dues over 20 years.
- Relief rally might be witnessed after this Announcement.
- Bought Nifty 10000 PE sold 9900 PE , 9850 PE , 9800 PE , 9750 PE , 9700 PE.
- Bought Nifty 10200 CE sold 10300 , 10350, 10400 CE.
- All of Weekly Expiry.
- Created Ratio Spread of HDFC Bank.
- Bought 10 lots of 990 CE sold 10 lots of 1040 CE & Sold 20 lots of 1080 CE.
- Will be making 20% return in 10 working days if HDFC Bank Expires between 1000-1040.
- Breakeven at 1100 for HDFC Bank for this Strategy.
- Today's Trade remains the same nothing new.
- Yesterday last hour Markets gave rally from lower end of range.
- Markets will keep giving such rallies.
- Focus on Contra trades near Boundaries.
- Telecom & Banking stocks will be in focus today due to Supreme Court AGR Verdict.
- 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
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