- U.S Markets were Slightly lower on Friday.
- Currently U.S Futures are Mindly lower.
- Asian Markets are Slightly Positive.
- SGX Nifty is Trading near 15k.
- On Friday , we witnessed a massive fall Intraday.
- It was an all round selling across all the Sectors and stocks.
- I've been observing , Monthly Expiry are highly Volatile.
- FII's didn't buy on Friday and DII's have been selling Relentlessly.
- This led to a greater fall.
- I have been selling Call Options of Banking stocks and 15300 CE & 15400 CE for Feb Expiry.
- Not expecting Markets to cross 15200-15250 for this Expiry.
- Markets are looking very weak in the short term.
- There are only 4 Trading sessions left for this expiry so Time decay will be much faster.
- Global Markets are also in a Consolidation with a slightly Negative bias.
- Any rally has been sold into Globally.
- So Temporarily I feel Markets have been topped out near 15250.
- This is the short term situation.
- Any rally needs to be sold into for Feb series.
- India VIX was up 5% on Friday.
- Premiums are quite attractive so sell Options due to higher India VIX.
- Nifty might Trade between 14860-15080 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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