- 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 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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