- U.S Markets closed higher yesterday.
- S&P 500 VIX crashed 10% again.
- Last 3 days , everyday U.S Market is closing positive and VIX is crashing 10% on daily basis.
- VIX crashing indicates stability in the Market.
- It indicates that from here on , Volatility will reduce.
- This reduces option premiums on both calls and puts.
- SGX Nifty is again indicating 150 point gap up today.
- Yesterday's Budget was a Non -Event for the Markets.
- Market went up due to Global cues.
- In between there was a huge panic selling.
- Which gave an excellent buying opportunity to go long.
- Budget didn't have anything new nor did it have anything bad for Stock Market.
- Because it was a Non event option premiums have crashed on both the sides.
- Yesterday all the option buyers have lost significantly.
- Option sellers have made returns of their life.
- From here on , I expect India VIX to crash further below 18 in coming weeks.
- Market is Bullish and every dip is a buying opportunity.
- Main event is out and now we will follow the Global cues
- Nifty might Trade between 17500 to 17800 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
Comments