- U.S Markets closed higher Yesterday.
- Right now , Dow futures are higher.
- Asian markets are higher.
- SGX Nifty is up 100-120 Points.
- Yesterday markets in the first hour were highly volatile.
- Markets opened close to 17600 but as soon as Market opened there was heavy sell off
- Nifty tested 17400 and then bounced back swiftly from there.
- India VIX at one point was above 20 yesterday.
- India VIX above 18 indicates danger.
- It indicates there would be huge Volatility in store.
- Markets have been repeatedly finding supports near 17400-17300 zone.
- Resistance near 18000-18100 zones.
- Within this range markets have been trading with huge Volatility.
- I have taken a short strangle of 17000 PE & 18200 CE at 115rs combined premium Yesterday.
- This generates a 6% return till expiry if nifty expires between 17000 to 18200.
- With just 8 trading sessions left this is a very lucrative strategy and premium.
- Expecting Nifty not to cross any of the above level.
- Even if it does we know how to adjust and manage our positions
- Those who know adjustments are only advised to take this trade.
- Others should take this trade on their own responsibility.
- Nifty might Trade between 17600 to 17900 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
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