- U.S Markets closed flat yesterday.
- 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.
- Premiums are too less and selling options isn't favorable now.
- Any fresh option sell positions should be avoided.
- I'm just trailing stoplosses for the positions I have taken before.
- Avoiding to enter into any fresh positions as of now.
- India VIX is below 15.
- India VIX below 15 indicates a Bull Market.
- Higher premiums can continue for a long time and lower VIX and lower premiums can also continue for a long time.
- Markets are in a consolidation phase right now.
- 18200 is a strong support and I don't expect this to be broken for weekly expiry.
- One can consider building long positions close to such support zones.
- All the trades come with stop-loss so one has to follow strictly.
- Before Inflation event I was bearish but I turned bullish after the event and had covered all of my losses and now in net positive.
- One has to react swiftly if you are into trading business.
- Nifty might trade between 18250-18450 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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