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U.S Markets were shut yesterday. Right now Dow Futures are lower. Asian markets are slightly lower. SGX nifty is down 50 points close to 16600. We have rallied from 15900 to 16700 yesterday. All in a matter of 3 trading sessions. 15900 was the expiry low and 16700 was Yesterday's high. This rally is majorly due to short covering across the Globe. Yesterday India VIX closed below 20. Options IV's are very low for this month. Indicates that this is going to be a sideways / range bound month with less big moves. Yesterday for the first time after almost 1.5 months FII's have turned buyers. Yesterday they have bought for 500+ crores. This is indeed a good news for the Bulls but we have to see whether it is a continued buying or just a one off day. Anyways as long as Global markets are strong we do not have to worry about FII selling. 16400 is a strong support now for nifty as we decisively closed above the same yesterday. Next resistance is at 16800. This is the ran

U.S Markets closed higher on Friday. Right now Dow Futures are higher. Asian markets are higher. SGX nifty is up 150 points close to 16500. There's a pullback rally happening across all World markets. 15700 to 16400 was the range in which Nifty was trading violently. Today we are opening much above 16400. If we get a closing today above 16400 then 16800 opens up. This seems much likely seeing Global markets. U.S Markets have been rallying for last 5 trading sessions. Nasdaq is up 8% in last 3 trading sessions. In Bear markets pullback rallies are fast and furious and it's difficult to judge where it will stop. Rather than focusing too much for the long term. Right now 16800 is opening up sighting the trend. Bank Nifty has been outperforming since last 1 week compared to Nifty. This is mainly because IT index has been underperforming and dragging the Nifty. Expect IT index to join the rally. So in the short term market looks bullish. India VIX crashed 15% in last 2 t

U.S Markets closed higher Yesterday. Right now Dow Futures are lower. Asian markets are mixed. SGX nifty is up 70-80 points. Yesterday U.S GDP was announced. Estimates were -1.2% but it actually came in at -1.5%. So it was clearly worse than expected. In spite of the same U.S Markets rallied yesterday. Price action depicts that the news has already been factored in. Yesterday as expected Nifty traded within 15900 to 16200. But there were massive swings Intraday. As soon as Market opened with a gap up there was immediate selling. From 15900 Nifty made a huge short covering and rallied 300 points. Before yesterday for last 3 trading sessions Nifty was having recoveries of 100-150 points Intraday but all those were sold into by end of the day. Acticipating similar action yesterday , many traders have sold call options and these options went 7X-10X in no time. 16050 CE made a low of 6rs yesterday at 12 and closed at 120. Buyers have benefitted a lot and sellers got ruined. Clea

U.S Markets closed flat Yesterday. Right now Dow Futures are mixed. Asian markets are mixed. SGX nifty is up 70-80 points. Yesterday the U.S Markets recovered from lows . There was a speculation regarding FED interest rates. Some FED people were indicating of a 75 basis points rate hike. But FED minutes indicated only a 50 basis point hike. This led to a relief rally in the Market. Almost on daily basis we are opening with a gap up. During the day there's huge FII selling market breaks the previous day low. Today is monthly expiry and Volatility is going to be extreme. Yesterday Nifty might have closed slightly lower but there was huge pain in mid and small caps. Mid caps closed lower by more than 2% yesterday. Advance Decline ratio was 1:6. For every 1 stock advancing 6 stocks were declining. When there is no support from broader market the rallies won't sustain. This Market fall is a repeat of 2018. Where index won't fall much but mid and small caps keep crash

U.S Markets closed flat Yesterday. Right now Dow Futures are slightly higher. Asian markets are mixed. SGX nifty is up 10-20 points. Yesterday , once again it was a mayhem in Technology stocks. Snapchat's Quarterly results missed estimates and expectations and the stock fell 40% in a single day. Indian markets are much better. Here the stock goes down by 10% but in U.S there is no limit. Nasdaq again witnessed heavy sell off yesterday. Divis Lab day before yesterday declared fantastic results but stock fell 10%. This tells you the sentiment of the market. Market is clearly in a mood to sell off where there's any negative news. In 2020 , the Market was exactly opposite. Even Bad results stocks were shooting up like no tomorrow. 2022 the Market is exactly opposite. This tells you that it's important to judge the trend of the market. Yesterday for no reason India VIX has gone up by 10%. This is a worrying sign that just before expiry without any incremental negativ

U.S Markets closed higher Yesterday. Right now Dow Futures are lower. Asian markets are lower. SGX nifty is down 30-40 points. Our Markets for the past week have been moving violently between 15700 to 16400. This is because of higher uncertainties in the Economy. Yesterday despite of very good news of reducing fuel prices etc markets couldn't hold on to gains. This is because such reduction in commodity prices will now be compensated by additional borrowing. This will cause a negative impact on Economy. FII's want to sell everything and exit India. They have been selling huge since past 5 months Billionaires like Jeff Bezos and Elon Musk are hinting towards recession in coming future. This is making markets even more jittery. This Volatility is only due to higher Uncertainties prevailing currently. I don't think it's going to stop anytime soon One has to be light on their positions and better be away if not that skilled as this could make you bankrupt. Yeste

U.S Markets closed lower yesterday. When we were trading Dow was up 300 points  All these gains have been given up during trading hours in U.S. Asian markets are lower. SGX nifty is below 16k. Right now Dow futures are flat. Yesterday Nifty for a moment broke 16k. In the final hour we witnessed relatively strong short covering rally. Yesterday we had the U.S Inflation numbers and they were higher than expected . 8.1% was expected but it came in at 8.3%. Because of this U.S Market cracked yesterday as well. 16000 PE has the highest open interest both in weekly as well as monthly so these Put writers should face trouble today. Every minor bounce is being sold into  Mid and small caps have been butchured and this is just the beginning. This is the beginning of a bear Market and these stocks will be taken to cleaners. Portfolios have been taking s big hit in recent times. Momentum is strong towards downside and any minor bounce is being sold into. The hope was U.S Inflation num

U.S Markets closed flat yesterday. When we were trading Dow was up 250 points. All these gains have been given up during trading hours in U.S. Asian markets are higher right now. Dow futures are also higher. SGX nifty is down 50-60 points. Yesterday Market showed remarkable resilience throughout the day  We at one point of time Even hit 16400. Then the last hour selling again was disturbing. Today is a very important day in U.S markets. Today we will be having the Inflation data from U.S Market Positioning is nothing new and similar as always. Markets seem to have already discounted the worst. Any positive surprise could trigger a short term rally. Markets are so oversold all over the world. It's not the right time to create shorts. Look for pull backs and short covering Rallies from here on. Last 2 days fall has been mostly due to Reliance. Once Reliance stabilizes and bottoms out then the downside will be limited. Hdfc bank ADR was up 5% yesterday. Yesterday Bank Nift

U.S Markets crashed Yesterday. All 3 indices hit fresh 52 week lows. Nasdaq is the major contributor on the downside and fell more than 4%. Asian markets are lower. SGX nifty is down 100 points. Well I can remember few months ago people asking me how to invest in U.S stocks. Many people from India have already invested huge chunk in U.S Markets. Especially in Nasdaq as it was in a crazy bull run. Many investors from other countries have also invested in Nasdaq. Now because of this huge underperformance all of these are suffering to the core. So Nasdaq falling is not only U.S Specific problem it's a global problem now. Tomorrow we will be having inflation data in U.S and in all the other countries Inflation data has surprised on the upside. So there are fears of recession and highest Inflation ever in the Economy once again. Let me tell you , U.S is a Bluechip Diamond Country. They have come out of Many shocks in the past Specially 2008 Lehman brothers collapse. Nobody e

U.S Markets closed lower on Friday. Asian markets are lower. SGX nifty is down 200 points. So there is a huge gap down in store. Every day we are opening with big gap down in the month of May. U.S markets are finding some support near 52 week lows. How long will this sustain we have to see. Yesterday night all the crypto currencies fell at least 5%. So it gave a clue that Dow futures could be negative. But it would be down more than 1% nobody expected. It's more likely that we would be heading to our 52 week lows as well  16000 PE has the open interest in monthly options as well as weekly. These are also in trouble right now because of such huge gap downs  At each and every level there is large call writing now. All Call options above 16500 have huge open interest in monthly. FII's long position stands only at 22% and shorts at 78%. I haven't seen such bearish positioning by FII since Covid 2020. Just imagine if they cover 78% shorts itself this could lead Marke

U.S Markets closed lower yesterday. Asian markets are lower. SGX nifty is down 200 points. So there is a huge gap down in store. Yesterday we opened with a huge gap up had a bit of short covering as well. Markets went close to 17k but as soon as this happened huge selling again started. Nifty just closed flat after trading 300 points higher at one point of time. This fall is majorly due to Inflation and rising Interest rates. Yesterday , Bank of England raised the rates by 25 basis points. U.S is set to report highest inflation numbers in coming quarter as well. Plus , there have been reports of U.S entering recession post this event. All this panic has led to a collapse in the Market. The Volatility currently is unbelievable. Yesterday Nifty touched almost 17k and today it's showing 16400. So a 600 point swing in 1 day is impossible to handle. Yesterday majority of people lost huge sum of money in expiry trading. I had stopped expiry trading long ago because of this Vo

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is

U.S Markets closed higher in the last 2 trading sessions. On Monday night U.S Markets went closer to 52 week lows and there was a sharp recovery  Dow recovered 500 points in the last hour of trade. Yesterday as well the momentum did continue. Asian markets are higher. SGX nifty is flat. Today is the most awaited decision day. U.S fed rate hike. I sense it's already priced in into the markets. Risk - reward favours going long now. I sense all the global markets and we have made a short term bottom Nifty bottom should be at 16800. Keeping this as stoploss and can go long. There could easily be a 3-5% rally in Global markets after rate hike news. 50 basis points in the expected rate hike today. I don't see there would be any sort of disappointments. HDFC Bank and hdfc Ltd are showing good resiliency. Hdfc has posted very good numbers and these 2 stocks have finally stopped falling. The sentiment is very negative and everyone looks bearish. Everyone talking Nifty going