- US markets Slightly Negative Yesterday.
- Dow Futures is Trading in Positive now.
- Asian Markets are Mixed with positive Bias.
- SGX Nifty is Trading near 10480.
- Yesterday , Surprisingly our Markets Rallied without any News.
- The Rally was Majorly a Short Covering Rally.
- Nifty & Bank Nifty Futures were Trading at Discount , now that Short covering has been done and there is no discount on those Indices.
- As Per U.S ADP data 2.4 Million Jobs were added for the Month of June.
- Today evening, official Employment data will be Announced .
- Expectation as per investing.com is 3-3.5 Million Jobs will be added.
- If it comes as per the Expectations then it would be positive.
- Hopes related to Short covering have also started to increase.
- Pfizer has announced some drug related to Corona Virus.
- Yesterday Swami Ramdev also conducted a Press Conference for his claims towards Coronil.
- I do not know maybe this what led to Yesterdays rally in the Markets.
- The Hero of Yesterdays rally was Bank Nifty.
- Once Bank Nifty Crosses 22000 and Sustains.
- There would be bigger Fireworks today.
- Both Nifty & Bank Nifty are Trading near Resistances now.
- Resistance for Nifty kicks in near 10500-10550.
- Resistance for Bank Nifty kicks in near 22000-22100.
- Both Indices are likely to open near their Resistance zones.
- Bought 10450 CE Yesterday and sold double the Quantity of 10550 CE.
- If Expiry is within 10450 to 10550 will make money from both call option and put will go Zero.
- Nothing to lose below 10450.
- Risk above 10600 which will be lowered by Adjustments.
- FII's were net sellers Yesterday and continue to sell.
- DII's were net Buyers Yesterday even at such higher levels.
- Sold 10300,10250,10200,10150,10100 PE Yesterday.
- Sold 10600,10650 CE Yesterday.
- Was Bullish so sold more of put Options.
- Today's Expiry is likely to be Volatile.
- There might be some big rally in store once we cross Resistance zones.
- 10400 is a strong support for this Weekly Expiry now.
- Nifty might trade between 10380 to 10580 today.
- 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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