- US markets closed Negative on Friday.
- Asian Markets are mostly flat today.
- SGX Nifty is down 10 Points.
- Fridays are becoming highly Volatile now.
- I'm observing this from quite few weeks now.
- Bank Nifty collapsed more than 600 Points on Friday in less than 30 Minutes.
- I was Relaxing and preparing for the weekend😃 but this fall caught the attention.
- After due research there was a news found.
- There were some tensions at India Pakistan border due to which there was a fall in Major indices.
- Maybe due to this news there was a fall.
- But by the end of the day things stabilised a bit on Nifty while Bank Nifty continues to lag.
- IT Stocks and Reliance look good and are Supporting Nifty.
- Option sellers need to be very careful while reading in Monthly expiry contracts.
- Premiums are too low and the Vega (Volatility) effect is quite high.
- Better to sell Stock options or trade in next Month options.
- Markets make a 200-300 Point move on Monthly Expiries.
- Will look to play that move after confirmation.
- As of now there is no indication of that sorts.
- Presidential Elections in U.S.
- Corona Virus Cases topping everyday.
- More than 1 Lakh cases on a daily basis.
- Section 144 Imposed in Mumbai and Rajasthan.
- India has failed Miserably to deal with Corona Virus pandemic.
- While most of the countries have reduced the fear to a lot of extent but we are unable to control.
- Nifty might Trade between 11420-11580 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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