- US markets closed higher Yesterday.
- US added more than 4.5 Million Jobs for the Month of June after partial opening up of the Economy.
- This is a great Number reported by U.S
- Estimation was around 3 Million Jobs.
- Asian Markets are Trading with a Positive Bias.
- SGX Nifty is up 40 Points & Trading near 10590 now.
- Markets have Rallied and have come out of their Conjession zone Yesterday.
- The Biggest Positive was Markets were Rallying while India VIX was falling.
- India VIX fell from 31 to 27 this week which shows the fear is Decreasing & there is limited Downside.
- Also the Intraday Volatility Reduces due to falling VIX.
- Nifty Traded just within 100 Points band Yesterday.
- 7500 is a definite bottom and according to me it will never ever be witnessed again in the History of Indian Stock Market.
- FII's still remain on the short side while DII's were net Buyers Yesterday.
- Bought 10500 PE Monthly Expiry and Sold 10300 PE & 10100 PE Weekly Expiry Yesterday.
- Not Expecting Nifty to go below 10300 for this week.
- Monthly Expiry Position was bought to Hedge the Weekly Expiry Positions.
- Bought 10500 CE Monthly Expiry and Sold 4 times 11000 CE.
- Not Expecting Nifty to cross 11100 for July Month.
- No loss if Nifty Expires below 10500 for July.
- Maximum profit if Nifty Expires Between 10500 to 11000 for July.
- Will be ready for Adjustments if anything goes against my View.
- Yesterday Bank Nifty Outperformed Nifty.
- Both are Outperforming each other on Alternative days.
- View remains Slightly Bullish in near term.
- Nifty might Trade between 10480-10660 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