- US markets closed lower Yesterday.
- Asian Markets are also Majorly Negative.
- There is no announcement of Stimulus so far.
- Negotiations seems to be going on & only discussion going on.
- With Elections around the Corner this will be a major event.
- Yesterday was a high volatile day.
- Nifty fell from 12000 to 11790 in about an hour and then recovered 150 Points in next hour.
- All this happened very quickly.
- Movement was so fast & Quick.
- India VIX is rising contineously and major events lined up.
- All these events adding up to Volatility.
- These huge swings become quite difficult to handle.
- Yesterday I had sold Put Options expecting a breakout on the higher side.
- But that didn't work and Markets started to fall.
- Sold more calls to Manage and Markets rose again.
- Currently at around 1-1.5% loss on my Overall Capital.
- Expecting to come out without loss today.
- Today also I think Markets will be highly Volatile.
- We might also witness a big fall today as previous expiry.
- As 12000 has been rejected twice as of now.
- 11780 would act as a support as Yesterday we bounced back from those levels.
- So the bigger range is around 11780 to 12000.
- Nifty might Trade within that range 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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