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Pre - Market Analysis (8th September 2021)

  1. U.S Markets were slightly higher yesterday.
  2. Right now U.S Futures are higher.
  3. Asian Markets are mixed.
  4. SGX Nifty is up 30-40 Points at 17420.
  5. A word that can be used to best describe Yesterday's market was "Volatile".
  6. Yesterday was a highly Volatile Market after many days.
  7. Nifty fell 100 Points as soon as Market opened to 17300 recovered 150 Points and was near 17450 again fell 80-100 Points to close at 17350.
  8. While all this was Happening , India VIX did not go higher.
  9. India VIX was lower throughout the day.
  10. This Volatility indicates we might have made a temporary top at 17500 for this Expiry.
  11. This Expiry range comes out between 17200 to 17500.
  12. Wednesdays are mostly Volatile days for the week but such Volatility was witnessed Yesterday.
  13. Wonder what will happen today.
  14. I would be trading at Extremes today.
  15. When Market dips and is near 17250-17300 I would be selling Put Options with a stoploss of 17200.
  16. Near 17450-17500 would like to sell call options above 17500 with a stoploss of 17500 on Nifty Spot levels.
  17. This is the best way to tackle a Volatile Market.
  18. I used the same Strategy Yesterday.
  19. Bank Nifty I would like to ignore bacause there are too many Freak trades going on.
  20. Within Seconds the prices of Options are rising enormously without any reason.
  21. Bank Nifty by nature itself is highly Volatile plus these moves makes it even more difficult to trade.
  22. Stick to Nifty unless things settle.
  23. Nifty might Trade between 17240 to 17460 today.
  24. stockmarketadvisory.in

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