- US markets closed Flat once again.
- Asian markets are mostly higher.
- SGX Nifty is up 60 points.
- This week on Friday Closed at 14630. On Monday it closed at same level after 200 point gap down start.
- Tuesday we closed around 14500.
- And Yesterday again we closed around 14630.
- These consolidation and flat moves is a delight for option writers.
- I've mentioned that Nifty might Trade between 14500 & 14800 for this week.
- View continues even now.
- Todays expiry range is 14500 to 14800.
- So If you get to the extremes of the range you can implement contra trades with Stoploss.
- FII's & DII's have become net sellers now.
- Both are selling heavily.
- Still Market keeps inching higher which is surprising.
- Today's Covid Cases are at 4.12L which is yet another record high.
- India needs to implement complete lockdown to control Covid spread.
- This is not said only by me it's said by Experts like Uday Kotak etc.
- Positive economic data and tax collections is holding our Markets now.
- Always Remember markets work differently from Economy.
- A few stocks can hold market higher but the reality will hit someday.
- As of now I'm just trading the range and taking straddles & strangles.
- Today's gap up can be used 14800 CE with Stoploss according to your risk appetite.
- Valuations in some of the stocks cannot be justified now.
- Adani Green is trading at 800 PE Ratio which is insane valuation & still investors are crazy over it.
- Better be away from Political linked stocks.
- RBI Governers speech was a bit positive news for the Markets.
- Nifty might Trade between 14500 to 14800 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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