- U.S Markets closed flat Yesterday.
- S & P 500 hit a fresh all time high Yesterday.
- Asian Markets and Dow futures are flat now.
- Yesterday was the most Volatile expiry after March 2021.
- In March Monthly expiry I remember Nifty fell 200 Points Intraday , recovered all the losses and again fell during the day.
- It was a 3 sided move but fortunately was only 2 sided.
- I have stopped doing weekly options sellng on Expiry and on Expirys I'm shifting to next week expiry options.
- Reason is premiums are too low and moves like yesterday can make you bankrupt.
- For earning pennies the risk is too high.
- Yesterday DII's turned buyers after selling for 2 days continuously.
- FII's still remain net sellers.
- In the past I've observed no correction has lasted over 500 points on Nifty.
- Last month Nifty fell from 17950 to 17450 made a bottom and then blaste higher.
- This week we have got a correction of 500 points exactly.
- Also most of Nifty stocks are down 3-4% except banks and Reliance is going to declare results today
- Reliance was down 2% yesterday so good numbers can lead Reliance and Nifty higher.
- I expect 18000 to 18500 to be broader range for Nifty on this expiry.
- I expect today's gap up to get sold into in first half and consolidation towards the day.
- If we consolidate today and don't keep falling then it's a bottom else there is downside more to come.
- Nifty might Trade between 18100 to 18350 today
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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