- 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
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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