- US markets were down for about a percent Yesterday.
- Asian markets are mixed.
- SGX Nifty is higher by 60 points.
- Global markets have went into profit booking Yesterday but right now U.S Futures are higher.
- Yesterday we witnessed a severe fall but we didn't broke the support area.
- Yesterday the low for Nifty was near 14200.
- Yesterday I mentioned that this is an Opportunity to sell puts and the premiums were really high Yesterday.
- By selling 13800 PE which is 400 Points away from Spot one could 4% return in just 3 working days.
- India VIX was up 10% Yesterday.
- Expecting it to go lower today.
- At one Point of time Bank Nifty was down 1500 Points but recovered almost 900 points from the lows.
- Corona Virus Situation is getting worse day by day.
- By sense is it will worsen it coming days.
- The top has not been made yet for Covid Cases.
- FII's have turned sellers Yesterday whereas DII's supported the Markets at lower levels.
- I would be bearish in short term only if we break 14200 on Nifty.
- Above 14200 theres no reason to be bearish
- It's a buy on dip opportunity on every correction.
- Nifty might Trade between 14240 to 14560 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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