- US markets closed Positive after quite some time yesterday.
- Asian markets are also recovering.
- SGX Nifty is higher by 120 Points.
- Yesterday was the Most Volatile Expiry I've seen in my entire lifetime..
- Bank Nifty opened Positive then went down 1000 Points , recovered 1000 Points post 1 pm and then after 2.45 fell 700 Points.
- This type of Volatility is Unbelievable and quite insane.
- Yesterday I mentioned that my view is Bearish / Neutral.
- So the idea was to sell Call options and it made fantastic return Yesterday.
- Yesterday was the first month after March 2020 where Nifty has closed Negative.
- FII's have turned net sellers now.
- This is the time to stay cautioned.
- Look for Sharp bounces to sell Into.
- April is a long series and it has 5 weekly expirys.
- Yesterday we fell a lot more due to Expiry issues.
- Expecting Markets to recover around 14400-14500 in the short term.
- Nifty might Trade between 14220-14480 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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