- US markets ended on a Flat Note Yesterday.
- Asian Markets are Mostly Mixed.
- SGX Nifty is down 50 Points and Trading near 9800.
- Moratorium Period Interest Deferment Verdict for the Banks has been Deferred by the Supreme Court to August Yesterday.
- Now the 2 Major issues for our Markets are.
- AGR due Case & Indo - China Border Tensions.
- AGR Verdict was also deferred last week and Expectations are it will be announced Today.
- Indo - China Border issues would not be heated up according to me.
- Both the Countries cannot afford a War in this Situation.
- According to me , the issue will be solved by sitting & talking between smart minds.
- Even the Clash at the Border didn't involve any weapons.
- It was just an Unplanned fight which had become a bit Serious that Unexpected.
- FII's were net Sellers again Yesterday but DII's have come to the Rescue.
- Expecting Markets to be highly Volatile today on the back of heavy News Flows.
- 9700 to 9950 looks to be the range for today.
- Will be selling Options Accordingly based on this Range.
- But Remember AGR Verdict is due today so it Might have a big impact on the Markets.
- Shared Reliance Strategy Yesterday and it's already in 3% profit in just one Trading Session.
- Bought 10000 CE , Sold 10050,10100,10150,10200,10250,10300 CE.
- Bought 9800 PE , Sold 9750,9700,9650,9600,9550,9500 PE.
- All these Trades were taken Yesterday.
- All were of Weekly Expiry.
- Yesterday mentioned the Range of 9700 & 10k for Nifty.
- Nifty reversed more than 100 Points from 10k.
- So there are less chances of Nifty crossing 10k this Expiry.
- Also do not expect it to go below 9700.
- This Remains a Strong Range to work with.
- In this Range Markets will be highly Volatile and give big Swings.
- Bank Nifty will be under Scanner on the Back of AGR Verdict.
- Bought 20500 CE Yesterday , Sold 21000,21500,22000 CE in double Quantities as expecting Bank Nifty to remain weak.
- Put Options were Quoting at high Premiums Yesterday.
- Maybe due to Indo - China war news.
- Strategy is to sell closer to 10k with a strict Stoploss.
- Buy Near 9700 with around 50 Point Stoploss.
- Also keep an Eye on Verdict.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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