- U.S Markets closed higher Yesterday.
- Right now , Dow Futures are lower.
- SGX Nifty is up 200 Points
- 100-150 point gap up / gap down has become a normal routine now
- U.S VIX crashed 7% Yesterday.
- This is a good sign for option sellers and also markets.
- As Volatility would reduce and markets find stability.
- Today as per SGX we are likely to open above 17k.
- 17k CE has the highest open interest for today's expiry
- If we sustain above 17k and cross Yesterday's high of 17100 this will induce huge short covering.
- Today is expiry so crazy things happen on expiry days.
- This is because of expiry related issues etc.
- Another Possibility is FII's use this gap up as an Opportunity to sell big .
- Previous 6 trading sessions, FII's have sold for 16500 crores
- This is intense selling owing to Rupee depreciation.
- Today will they again use this as an opportunity to sell or will cover shorts.
- We shall know by the first hour price action.
- Generally on expiry days we have an inside candle
- Which is yesterdays trading range.
- Yesterday's range was 16800 to 17100.
- If any of these levels gets taken out then we are likely to have a big trending day.
- Chasing a 200 point gap up isn't advisable.
- I would rather like to short near 17050-17100 with a 50 point stoploss.
- This gives me a Risk reward ratio of 1:3 , 1:4.
- Nifty might Trade between 16800 to 17100 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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