- US markets closed at all time highs Yesterday.
- Asian Markets are Mildly Negative.
- SGX Nifty is down 20 Points.
- Yesterday , GDP numbers in U.S were negative and dropped by more than 20% which Points a recession out there.
- Markets are Ignoring all these news and are racing ahead.
- Markets & Economy are 2 Different things.
- Index is filled with Quality Heavyweight stocks and they perform well in bad times.
- So Economy might Seem bad but Markets might go higher.
- India VIX is below 21 now.
- Premiums are very low now.
- Sold 11400 CE &11200 PE at ₹20 each. (Today Expiry).
- Both closed at 13 and now Expecting both to open at single Digits .
- A good news for the Bulls is Bank Nifty is Beginning to perform.
- Bank Nifty has Sustained above 22k and is slowly gaining momentum.
- But commenting anything about Bank Nifty is not at all Possible.
- It has the Power to move 1000 Points in a day.
- FII's were net Buyers Yesterday but DII's figure continue to be Negative.
- Last 2 Expirys markets have been Very Volatile and specially Nifty and Bank Nifty is giving moves more than a Percent in few minutes.
- Option Writers should keep this in mind and start booking profits as they come rather than waiting for the options to expire at ZERO.
- Option writers, including me want the option to expire worthless till 3.30 pm.
- But better to keep booking profits rather than waiting till 3.30 as moves can be high Volatile.
- Nifty might Trade between 11240 to 11380 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
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