- U.S Markets closed a Percent higher Yesterday.
- Asian markets are mostly positive and rallying as Economies all over the World are opening up.
- Indian Markets have caught up Significantly and now almost at par with World Markets.
- Bank Nifty was the Star of this Rally.
- It rallied more than 4500 Points in less than 7 trading Sessions.
- Markets are ignoring all the news which are being thrown to it right now.
- U.S - China Trade issues , Riots in America all are being ignored by the Markets and they are moving Independently.
- Major Big event for the Global Markets will be U.S elections.
- China will do Everything not to let Trump win & Trump will do Everything do defame China.
- Yesterdays last hour was Witnessed by Heavy Profit Booking.
- Bank Nifty fell 800 Points in less than an hour.
- Nifty fell 130 Points in the same period.
- FII's were net Buyers Yesterday and have bought more than 1800 Crores .
- DII's were Net Sellers Yesterday and sold about 700 Crores.
- 10000 CE has open interest in the weekly Expiry on the lower side.
- 10200 CE has the highest open Interest on the upper side.
- So today's Expiry Nifty is likely to Expire between 10000 to 10200.
- If any one of the levels gets taken out we may Witness a sharp 50-100 Points fall or rise.
- Today's Expiry my Strategy would be to sell Call Options as Nifty gets closer to 10200 & sell Put Options as Nifty gets closer to 10000 and keep doing Adjustments Accordingly.
- Within this 200 Point Range Nifty is likely to be highly Volatile so i won't put in all of my Capital in one go.
- Will always have some Additional Capital with me to average out.
- Sold 9850,9800,9750,9700,9650,9600,9550,9550 PE Yesterday.
- Sold 10250,10300,10350,10400,10450,10500 CE Yesterday.
- All were for Weekly Expiry.
- Majority of them will open at Zero Today.
- There will be huge Volatility today so one should keep this in mind while Trading.
- This is still a buy on dip market and trend has not changed yet.
- Intraday the Strategy would be to trade near the Boundaries of 10000 to 10200 and take contra bets.
- Better to avoid Bank Nifty today as it will be the most Volatile compared to Nifty.
- Nifty might trade between 9950 to 10200.
- 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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