- US markets closed 2% lower Yesterday.
- Asian Markets are all Negative.
- SGX Nifty is now Trading near 13870.
- Yesterday, Fed Chairman Jerome Powell issued a statement saying "POWELL: WE ARE MONITORING THE ASSET BUBBLE VERY CAREFULLY"
- This arose a panic selling in U.S Markets.
- U.S VIX was up 63% Yesterday.
- This was never ever witnessed before in Normal times.
- U.S VIX now Trading above 30.
- Yesterday we broke critical support of 14k & today there should be a gap down Opening.
- This is a huge global sell off.
- We are leading this Global sell off.
- Both FIIs and DIIs were net sellers in the market for last 3 trading sessions.
- I was warning to be cautious as we had a vertical rally in Markets.
- When there are one way vertical rallies , the fall is also severe.
- FIIs are selling aggressively in F&O also.
- But still I feel this is a Bull Market Correction.
- These type of Correction are often witnessed in a Bull Market.
- Unless we get clear Macro signs of a reversal we are in a Bull Market and you shouldn't deny the same.
- Today's plan is to sell 14000 & 14050 Call options Intraday on every rise.
- As we are now in a sell on rallies mode.
- Every rally will be sold into.
- Long term we are in a Bull Market but for a very short term things looking scary for Bulls.
- Even a long term Investor should know to hedge & sell Options to cover damage.
- Otherwise whatever returns made while being patient over a longer time can be lost in a week.
- Nifty might Trade between 13780-14020 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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