- U.S Markets closed higher.
- Dow Futures are higher now.
- U.S has declared strong Jobs data numbers.
- SGX Nifty is currently near 14980.
- Asian Markets have mixed cues.
- Many times Nifty has come towards 15k but unable to cross and sustain.
- This time we have positive Global Cues but Negative Local Cues.
- Covid Cases are at record high in India.
- Maharashtra is highly impacted state.
- Many Restrictions and lockdown on weekends have been imposed.
- This week is quite important as we have lot of results lined up.
- Many companies are set to declare results.
- This will decide the short term trend in our Markets.
- India VIX closed below 20 on Thursday.
- Option premiums are quite low.
- Last week for a fantastic week for option writers as premiums fell across board.
- Always remember after a very good week we are quite likely to have very volatile week.
- After very Volatile week we might have a ranging week.
- March end expiry was highly Volatile.
- April 1st week was ranging.
- Now things might turn up to be Volatile.
- So time for option writers to apply caution.
- Nifty might Trade between 14840 to 15060 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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