- U.S Markets closed higher yesterday.
- Right now Dow futures are higher.
- SGX nifty is higher
- Yesterday it was a highly Volatile expiry.
- Generally on volatile days we get a 2 way swing
- But what was surprising is it was a 3 way swing yesterday.
- Nifty from 15400 went towards 15630 then fell back to 15400 only to hit 15600 again.
- These types of volatility happen generally on monthly expiry.
- This is because of huge volumes plus futures expiry also lead to such Volatility.
- Now a days weekly expirys have been witnessing such Volatility.
- This Volatility many say is good for option buyers & bad for option sellers etc.
- I don't agree to this.
- Volatility is not good for anybody.
- Yesterday buyers who expected more upmove / downmove also got trapped
- In such times it makes sense to wait till Volatility subsides
- Until then it's better to trade only small positions and most of it Intraday.
- Auto Stocks are looking to have bottomed out.
- They have been moving higher.
- Other sectors are still witnessing the pain.
- Yesterday I mentioned an important level of 15400 and Market bounced twice from these levels.
- Range of 15400 to 15700 is likely to continue with huge Volatility.
- 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
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