- U.S Markets closed higher yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is higher by 80-100 points.
- Nifty is likely to have a gap up opening today.
- Yesterday india VIX closed below 14.
- Premiums are too low now for options.
- Option sellers have enjoyed since last 2 months.
- This low premium environment can be dangerous one.
- As as and when premiums increase it will wipe out most of them.
- 18000 to 18400 is the range for nifty.
- Expect the expiry to be within this given range.
- Premiums have been eroded significantly so its not the time to sell naked options now.
- Taking spreads in low risk environment is favorable.
- Selling naked options is favorable in a high VIX environment.
- There have been speculations as to increase in long term capital gains tax.
- 10% is the current LTCG tax rate.
- This could be increased to 15% in the budget.
- Markets are likely to react on this news in the coming time.
- Fears of recession in the Global economy are also emerging.
- Data points do not show as yet of a possible recession.
- Nifty might trade between 18200-18400 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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