- U.S Markets closed lower yesterday.
- Asian markets and Dow futures are lower right now.
- SGX Nifty is indicating 20-30 point lower opening.
- There is only one word to describe these markets.
- That is Volatile.
- Markets are on a serious Volatility in November series.
- I've seen Corona Virus , Nirmala Candle , Taper Tantrum etc and handled well.
- But this November Volatility is too much.
- 17800 is the next support for Nifty.
- Bank Nifty is too weak.
- Friday's low has been breached for both Nifty and Bank Nifty.
- We have a long weekend coming so traders wouldn't like to carry their positions on weekend.
- Expecting a high volatile expiry today.
- Bank Nifty Feb high was 37700.
- After this Bank Nifty fell a bit went to 41800.
- All these gains have been wiped out in just few weeks.
- 18000 CE has added huge open interest in both weekly & monthly options.
- These levels are not likely to breach today.
- Short term view is bearish.
- I'm selling only call options now with hedge.
- Nifty might Trade between 17750 to 17950 today.
- Any bounce towards 17950 to 18000 should be sold into.
- stockmarketadvisory.in
1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets 9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack
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