- U.S Markets closed higher Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are mixed.
- SGX Nifty is trading above 15800.
- From Last couple of days , we are opening higher but witnessing profit booking during the day.
- This is due to FII's.
- FII's have been selling consistently since past many days.
- DII's and Retail People have been supporting this Market.
- Market is not actually bearish but it's been tiring at higher levels.
- Some trigger is expected to take the markets higher above 15900.
- Next talk of the town in India VIX.
- India VIX yesterday firmly broke 13.
- Now the option Premiums are very very low.
- Even in the Money options are at too little premiums.
- This cannot continue for long.
- Option sellers now have become very easy and selling very near options.
- As and when VIX rises , these will be trapped.
- Low VIX also indicates dull Market.
- Market is very dull now and Movement is very slow.
- Yesterday I slept looking at trading screen as it was too boring.
- Nifty has highest open at 15700 PE & 15900 CE.
- These levels might act as good support and resistances for this Expiry.
- Im selling options even now but for very small targets and short time.
- Not holding it for too long and exiting mostly Intraday.
- Usually Wednesdays are Volatile and I expect some Volatility to kick in today.
- Nifty might Trade between 15700 to 15900 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
Comments