- 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
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
Comments