- US markets closed lower Yesterday.
- Yesterday when our Markets were Trading , U.S Futures were down more than a percent.
- Yesterdays closing in U.S was somewhat better.
- The reason why we fell so much Yesterday was some expiry related issues.
- All the Put writers were trapped as its the expiry.
- Which leads to a big crash.
- So expiry days if major levels get taken out one should expect big Moves.
- Asian Markets have recovered some of their losses.
- SGX Nifty is Trading near 11750.
- Volatility will be quite high until the U.S Elections.
- One should always hedge postions.
- Without hedge and without Stoploss it can create disaster.
- I know many Put writers who lost 30-35% of the Capital due to Stubborn attitude.
- Also Big sharp falls like Yesterday in Bull Markets is a great Opportunity to enter into.
- In Bull Market , Bears Generally have only 1 day to enjoy.
- Bulls come back swiftly and roaring.
- Last Expiry too (September End) Nifty crashed but then went up 1000 Points.
- Nifty might Trade between 11680-11840 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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