- U.S Markets closed flat on Friday.
- Asian markets are mostly mixed.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- This is good for positional option sellers.
- I do sometimes carry positions overnight.
- As an sellers to make above than normal returns one has to Carry positions.
- Last 1 year was very difficult for positional option seller.
- As there was no trend in the market.
- Market was reversing and breakouts failing.
- Sanity has prevailed in last 2 months and markets have become normal to trade.
- After the Inflation numbers there was a huge short covering rally in the world markets.
- Now we can expect a bit of consolidation after such a huge rally.
- Then we would be looking at the next leg of unmove.
- Markets cannot rally in a straight line.
- Even if it rallies one way it isn't good and healthy.
- Markets go higher only when more shorts are there in system and they are trapped.
- Yesterday Moodys came with a negative note regarding economy.
- Last 5 years whenever moodys have become bearish markets have rallied.
- As RJ said , "If I had listened to economists I would have never made money"
- Holds true forever in the history of stock market.
- Big bull run is ahead of us.
- Nifty might trade between 18250 to 18450 today.
- Generally Mondays are trending days.
- 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