- US markets closed a Percent higher Yesterday.
- But Asian markets are Almost Trading Flat.
- SGX Nifty is down 20,30 Points and Trading near 10220.
- PM Modi's Announcement Yesterday is not to likely have much bigger impact on the Markets.
- Infact PM had given a warning regarding Corona Virus and there was no update of lockdown.
- This might be taken as Negative by the Markets.
- Markets are stuck in a range now.
- There is Conjession in the upper region.
- But there is not much downside as there is support when it goes lower.
- Markets are howering within this range.
- Yesterday gave a Strategy in our Telegram Channel and that was Performing very well.
- FII's were net Sellers Yesterday but DII's were net Buyers.
- One thing which can be said looking at the data is there is not a bigger Upside for our Markets now as FII's have become Net sellers.
- But if any Positive News comes over we might Witness short covering as well.
- So ,one Shouldn't rule out such Possibility.
- Markets have not given any major move this Expiry.
- Usually on Wednesdays Markets give a major move and there is high Volatility to trap option sellers / hedgers.
- So there might be a Significant move today.
- I have sold 10500,10600 CE on Nifty weekly Expiry and bought 10900 CE for Margin benefit.
- Capital required for the above trade was ₹15k per lot.
- Will look to sell Puts on every major fall for this Expiry.
- Remember Im neither an Option Buyer nor an Option Seller.
- Im a Hedge Trader , I do both buying and selling in every single trade of mine.
- Expected a range of 10,000 to 10500 on Nifty for this Expiry and that seems to be working very well as of now.
- This Market is benefitting only the Contra Traders.
- That is the Traders who are betting on the other side.
- Mentioned the same Yesterday and Market fell from Intraday highs.
- Those who are Chasing the Trend and rallies are being trapped.
- Nifty might trade between 10140 to 10320 today.
- 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