- U.S Markets were higher by more than 500 Points yesterday.
- Asian Markets and Dow Futures are flat now.
- SGX Nifty is Trading near 17850.
- Markets have been extremely Volatile for the past week.
- Nifty and Bank Nifty were moving almost a percent on a daily basis.
- Last Friday Nifty was at 17800 then it fell about 500 Points in 3 sessions and recovered entire losses in remaining 2 sessions.
- Nifty expired at almost the same level of Friday's high.
- Yesterday was a dream rally for the Bulls.
- Due to huge fall in the Market , there was aggressive call writing over the week.
- Yesterday all these call writers were trapped.
- Plus it was an expiry day so they had no other alternative apart from adjusting Positions.
- These aggressive call writers have propelled the Market even higher.
- Yesterday I expected some sort of resistance near 17800 as it was the previous high.
- Market did consolidate near those levels.
- But had crossed during the day.
- Maybe due to expiry issues we had such a fantastic rally Yesterday.
- Both FII's & DII's were net buyers Yesterday.
- I would be very careful to play on the long side from here.
- Everything looks good and all good news seems to be factored in.
- When all is well , that's when profit booking sets in.
- Premiums too are not that attractive for selling options.
- 18000 CE has the highest open interest in options.
- Nifty might Trade between 17680 to 17920 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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