- U.S Markets closed lower Yesterday.
- Right now Dow Futures are higher.
- SGX Nifty is near 17420.
- Yesterday the Markets opened above 17400 and also sustained for first half.
- In the Second half it was Volatile and we witnessed slight profit booking.
- Nifty closed below 17400 Yesterday.
- Today also I feel that this Gap up on a close to close basis might not hold on.
- 17250 to 17450 is the range for Nifty.
- Yesterday SGX Nifty made a high of 17450 as U.S Inflation data was according to the Expectations of Market.
- As soon as U.S Markets opened , there was a heavy profit booking.
- Today also I expect Nifty to be Volatile between 17250 to 17450.
- The Plan for today is to sell 17000 and 17100 Put Options of Next week Expiry.
- Provided if Nifty comes to 17300-17250.
- I won't be selling Call Options as I expect a Breakout on the higher side in due course.
- Premiums are too low now as VIX closed lower Yesterday.
- Right now it's not favourable to sell Options.
- As VIX inches higher and there's a big swing in the Market that would be favourable to sell Options.
- Bank Nifty is totally sideways and is going nowhere.
- It goes up one day comes down another day trading at same levels towards the day.
- Nifty might Trade between 17250 to 17450 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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