- U.S Markets closed 1.5% lower Yesterday but now Dow Futures are Trading Positive.
- Asian Markets are also Mixed.
- SGX Nifty is Trading flat near 10780.
- Yesterday was a very Rangebound Market as Expected but Intraday moves were very Volatile.
- I was in 60k MTM profit by 1 pm.
- 10k MTM loss by 2 pm.
- 1 lakh MTM profit by 3.30
- Such was the Intraday Volatility Yesterday.
- I also said Yesterday in my Blog that Wednesday was just Normal profit booking day.
- Reason was Nifty did not break any major support levels and that view worked out Yesterday.
- Nifty is Slowly striking the door of 11000 now.
- Markets might just Consolidate now for some days but should slowly inch higher.
- This Expiry Nifty might trade between 10500 & 11100.
- Planning to take an Iron Condor based on this Range.
- Those who have taken Training with me know what is Iron Condor and can take this trade.
- This will fetch you 4% return in 4 working days if Nifty Trades between 10500 to 11100.
- Sell 10400 PE & buy 10300 PE sell 11150 CE & buy 11250 CE.
- Mostly on Fridays markets don't give big Moves and trades within a range.
- India VIX fell below 25 Yesterday.
- Which says that Intraday Volatility will reduce .
- Intraday Volatility reducing is a great news for Hedge Traders.
- This Remains to be the view of as now.
- Nifty Might Trade between 10720-10860.
- Do not carry any large Positions over the Weekend.
- 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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