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Pre - Market Report (26th June 2020)

  1. U.S Markets closed a percent higher Yesterday.
  2. Asian Markets are Mixed with a Positive Bias.
  3. SGX Nifty is Trading around 10290.
  4. Yesterday our Markets were highly Volatile.
  5. If you see the Markets after closing you might see Nifty fell just by 16 Points and think what was so Volatile.
  6. But during the day the Swings it gave were Dangerous.
  7. I've been doing Expiry Trades for about 3 Years now and trust me Yesterday was the most Difficult "Question Paper" in CA Students language.
  8. Every Traders Stoplosses got Triggered Yesterday.
  9. Those who managed high MTM loss at one point and had a strong Conviction made money.
  10. I mentioned in my Blog Yesterday that I am not Expecting Nifty to fall further as we already fell on Wednesday.
  11. ITC was the star of the show Yesterday.
  12. It closed more than 5% higher Yesterday and Supported our Markets.
  13. After such a Dangerous day Yesterday I need some break so I will Personally not be trading today and will be clearing the past day workings which are there in my mind over the Weekend.
  14. Reliance has been finding high Resistance near 1800 levels.
  15. Did a "Short Straddle" Yesterday for 10,000 Strike price August Series on Nifty.
  16. Not Expecting Markets to move significantly higher or lower for some time now.
  17. So planning to eat some Premiums if Nifty Trades within a Range.
  18. Also have done a Ratio Spread for Reliance Yesterday.
  19. Bought 1800 CE , Sold 1900 & 2000 CE.
  20. Will look to sell 1700 PE in case Reliance crosses 1800.
  21. Reliance Trade is of July series.
  22. If you have Sufficient Capital and the Skills to do Adjustments then only copy my Trades.
  23. Many People don't Understand trades posted in Blog and take up Something else.
  24. Please kindly do not take if you do not Understand the risk behind it.
  25. Not Expecting any Major moves today on the Indices.
  26. Keeping an Eye on ITC Results as they are expected to be quite solid.
  27. 10000 is a big Support for Nifty on the Weekly Expiry and 10500 is a Big Resistance.
  28. Will take Directional bets once any of these levels gets broken.
  29. Until then my View is Non - Directional and will be looking to Non - Directional trdaes only.
  30. Nifty Might Trade between 10200 to 10360.
  31. Do not carry any Weekly Expiry Positions over the Weekend.


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