- 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
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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