- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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