- U.S Markets closed higher Yesterday.
- Dow Futures opened higher but witnessed slight profit booking in last 30 mins.
- SGX Nifty is trading around 15k.
- Yesterday it was a sluggish expiry.
- Nifty was trading at 15k for most of the day but Markets fell suddenly.
- Such sudden falls happen quite a lot of time on expiry days.
- May upto now has been a failry ranging month with just a few big moves.
- Expecting 200-300 one sided move on Nifty in this week.
- Bank Nifty is fairly dependent on SBI results today.
- SBI results would decide the future trend of Bank Nifty.
- I had taken a strategy on SBI which got exited yesterday by mistake.
- I take a lot of trades in Bank Nifty , Nifty etc so I just exit all the positions by clicking select all option.
- By mistake SBI trades were exited too.
- It got exited in Breakeven so I would advice all the readers if they are still into the SBI trade please exit.
- Fresh levels of entering the Stock may be given today after results or by Monday.
- Expecting the Volatility to increase a bit higher since it's the last week of May series.
- I've done 15k short Straddle at 300₹ yesterday for May series.
- This Straddle is safe up to 14700 and 15300.
- I'll be doing lot of adjustments too after taking straddle which obviously cannot be posted here.
- Nifty might Trade between 14920 to 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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