- US markets closed at record highs & up 0.5%
- But Asian markets are not mixed.
- SGX Nifty is almost Flat.
- Yesterday for the first half Nifty traded only within 30 Point range.
- Second half was witnessed by massive short covering.
- Bank Nifty & Nifty were up significantly.
- I did mention in my previous blog that If 11500 crosses and sustains we would witness 11600 instantly.
- We are not far from the targets.
- FII's were net buyers yesterday but DII's were net sellers.
- Shared an SBI Strategy on Telegram and it's running at 6k profit per lot.
- Link of Telegram Channel
- https://t.me/moneymakingtrickss
- Today Expiry seems to be on the Bullish side
- But you never know with Monthly Expiries.
- Big Moves might also happen.
- As an Option seller we have stuck to Equity Option Selling and have avoided Nifty & Bank Nifty as Volatility is always high for Monthly Expiry.
- Today will look to sell on every dip.
- Bank Nifty has been Outperforming the Nifty.
- PSU banks looks strong and are joining the party.
- I have sold Out Options of all Banking stocks.
- Sold ICICI Bank 385 PE , HDFC Bank 1110 PE , Axis Bank 455 PE , SBI 205 PE.
- All are likely to open below 0.5 paise.
- Nifty might Expire between 11460 to 11640 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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