- US markets fell Yesterday.
- Nasdaq down more than 300 Points.
- Technology stocks are facing a hit as they are highly Overvalued abroad.
- Asian Markets are all Trading lower.
- Ten year bond yield has gone up from 1.14% to 1.49%.
- SGX Nifty Indicating big gap down today now trading at 15020.
- Yesterday Markets broke 15k and closed significantly higher.
- Now Markets indicating severe gap down.
- I mentioned Yesterday my range for expiry as 14800-15200.
- Markets are highly Volatile within this range.
- Option writers who exited calls yesterday after big rally and held puts will again face severe hit today.
- This Volatility will cause Attacks to writers.
- Plus today is weekly expiry.
- 15100 Put has 39L open interest whereas 15000 Put has 59L open interest.
- If we start trading lower big unwinding will happen in these options.
- This can create more panic on the downside.
- I've sold 15000 PE & 15300 CE Yesterday.
- Expecting this gap down to cause some issues.
- Will look to manage positions and consider doing Adjustments.
- I expect some sort of recovery in the first half.
- Second half is crutial today.
- Markets fell on the back of rising bond yields on Friday.
- Will Markets react to this news again is a matter of fact.
- Nifty might Trade between 14960-15160 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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