- U.S Markets closed slightly higher yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is higher by 40-50 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.
- Now its not the time to create any fresh naked positions.
- Expecting next event which could trigger an upmove could be the Gujarat elections.
- Elections are between 1-5th December and that could add up some sort of Volatility.
- Until then expect markets to be within range.
- Also near December end foreigners go on a holiday for Christmas.
- Volumes dry up a lot.
- Closer to budget by Jan we might see momentum pick up.
- Until then we have to tolerate such boring ranging moves.
- Previously, Nifty used to move 300 points in a day now it has reduced to just 100 points
- Texture of the markets keep changing.
- Those who adapt to it in the best possible way can make money over long periods.
- Else one event cab throw you out of the market.
- Nifty might expire between 18200-18400 today.
- Expiry moves after 2 pm can be fast and furious.
- So be a bit cautious.
- 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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