- US Markets closed Higher Yesterday.
- Right now , U.S Futures are up 0.5%
- SGX Nifty is Trading near 14k.
- Asian markets are positive.
- That is indicating fresh all time high for Nifty.
- Same old story.
- DII's selling , FII's buying.
- Market giving big gap ups.
- Touching fresh highs almost on daily basis.
- 14000 CE has the highest open interest among call options.
- Now if this level gets crossed today itself , the option writers will look for cover.
- This might take markets much more higher.
- Nothing much to say.
- Trend is so swift on the higher side.
- We are in a Bull Market.
- Every dip is a buying Opportunity now.
- We have recovered all the losses.
- Markets make big moves in Month end.
- So sticking to Stock option selling.
- Avoiding Nifty & Bank Nifty now.
- Sold lot of put options in banking stocks yesterday.
- Time decay will be very fast as expiry is near.
- Nifty might Trade between 13920-14060 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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