- U.S Markets closed at another record high Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are mostly lower.
- That's the reason SGX Nifty is almost flat.
- From Last 3 days , Markets have been going higher in the first half or opening with gap up.
- Throughout the day and majorly in second half selling starts.
- FII's have been selling aggressively since quite some time now.
- DII's however on the other side have been pummping huge funds to support at lower levels.
- In spite of FII's more than 1000 crore on a daily basis , our Markets are just a percent away from record highs. (Nifty)
- Bank Nifty looks in a very indecisive zone since quite some time.
- Bank Nifty has been trading near 35k since quite some time now.
- I've taken December 35k Straddle for Bank Nifty and sitting with around 400+ points profit per lot.
- Auto Sales data is expected to arrive today.
- Auto Sales data might be slightly higher than previous month.
- This might be due to the partial lifting of lockdown.
- Generally Expiry days are inside days.
- Markets trade within previous day's range.
- Also when Wednesday's are Volatile , the next day of Expiry is generally flat.
- Yesterday we had slightly higher Volatility than usual.
- Markets are just Consolidating as of now.
- 15700 PE has the highest open interest among put options and 15800 CE and above among call options.
- Nifty might Trade between 15680 to 15840 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