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Showing posts from April, 2023

May series begins !! (28th April 2023)

1. U.S Markets closed higher yesterday.  2. Whatever markets lost on previous 2 trading sessions excluding yesterday.  3. Yesterday the markets gained it all back. 4. SGX Nifty is up 70-80 points. 5. Asian markets are higher. 6. So we are likely to open with a gap up today. 7. It has been a dream run for Indian Markets lately. 8. We are sitting on 6 days of continuous rally. 9. Indian Markets are super Bullish. 10. There is a saying in U.S that "Sell in May and go away" 11. How much will this play out in the current scenario has to be seen on  12. Nifty significantly closed above an important barrier of 17800-17850 today. 13. Once important resistance level are crossed they become supports. 14. So 17800 is now a strong support for our Markets. 15. Next immediate resistance is at 18k. 16. Nifty might spend time within this range for a while. 17. After 18k , next immediate resistance is at 18200. 18. After such a one way rally , it's better always that we consol

Closing at day high (27th April 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are trading higher. 3. Asian markets are mixed. 4. SGX Nifty is indicating a gap down of 20-30 Points. 5. Yesterday markets were consolidating in whole of the first half. 6. Markets were finding resistance near 17800 zone. 7. After 3 pm markets broke out of 17800 and closed at te highest point of the day. 8. Bank Nifty was the outperformer as always. 9. IT Stocks have gathered some steam yesterday.  10. These are good signs for the Bulls. 11. For today expiry , 17800 straddle has highest OI. 12. It's combined premium is about 80-90rs. 13. So 17700 to 17900 is the immediate range. 14. U.S Markets for 2 consecutive trading sessions have closed lower. 15. Yesterday, markets opened with a gap down but this gap down has been grabbed with both the hands. 16. This shows that the trend is Bullish. 17. Monday , 1st of May is a trading holiday. 18. So next week expiry has just 4 trading sessions in it. 19. Nifty m

17800 is the Key ! (26th April 2023)

1. U.S Markets crashed yesterday.  2. Right now , U.S Futures are trading higher. 3. Asian markets are mixed. 4. SGX Nifty is indicating a gap down of 20-30 Points. 5. Yesterday was a pleasant surprise day In the markets. 6. Nifty & Bank nifty were both seemed strong.  7. Bank Nifty was the outperformer.  8. This was due to good results from Banking stocks and less interference from outside. 9. Nifty has been underperforming only because of IT Stocks. 10. I had mentioned over the weekend that we may touch 17800. 11. The same got happened by Tuesday.  12. Now 17800 holds a very important level. 13. Once thus is crossed nifty could move up 100-200 points in no time. 14. 17800 is the upper end of range plus has good amount of open interest as well. 15. India VIX Is trading at all time low and option premiums have become a joke now. 16. 17800 Call and Put combined premium is less than 100rs. 17. In spite of having 2 trading sessions remaining.  18. Low premiums can continue

Finale Week !! (25th April 2023)

1. U.S Markets closed a bit higher. 2. Right now , U.S Futures are trading lower. 3. Asian markets are mixed. 4. SGX Nifty is indicating a gap up of 20-30 Points. 5. Yesterday was a pleasant surprise day In the markets. 6. Nifty & Bank nifty closed at highest point of the day. 7. Bank Nifty was the outperformed. 8. I was saying over the weekend both of these indices might retest important levels 9. Bank Nifty has already broke out. 10. Nifty Is yet to cross 17800. 11. The trend is Bullish.  12. 17500 Is a strong support.  13. One should wait for 17800 to be crossed & initiate fresh longs. 14. Rather than chasing it with FOMO. 15. Today we would also be having the FIN Nifty expiry. 16. Every Tuesdays of the week there's FIN Nifty expiry so there's good amount of Volatility.  17. The last week of the month is usually a bit higher volatile than previous weeks. 18. As many contracts expire in the last week. 19. Nifty might trade between 17600 to 17900 today. sto

Final expiry Week (24th April 2023)

1. U.S Markets closed mixed on Friday. 2. Right now , U.S Futures are trading higher. 3. Asian markets are higher. 4. SGX Nifty is indicating a gap up of 50-60 Points. 5. Over the weekend , Reliance & ICICI Bank have come up with results  6. Both these heavyweights have posted good numbers. 7. Hence the gap up opening today. 8. Nifty has tested the lower end of the range near 17500. 9. Now it's likely that after good results we might test upper end of the range. 10. 17500 -17800 was the band in which nifty was trading. 11. It was a highly ranging market. 12. With the market making many swings in this range. 13. India VIX is at all time low. 14. It had broken even 12. 15. This is a perfect recipe for option sellers. 16. Also this has to be handled very carefully. 17. Huge problem can be faced when markets move from low VIX to high VIX. 18. Premiums get shoot up instantly when this happens. 19. Have proper levels in mind and trade according to those levels. 20. Nifty

Narrow Consolidation (21st April 2023)

1. U.S Markets closed mixed yesterday.  2. Right now , U.S Futures are trading lower. 3. Asian markets are mixed. 4. SGX Nifty is indicating the flattest of openings. 5. Yesterday was a typical option sellers expiry. 6. At the open, ATM straddle of nifty was just 70 points. 7. In my last 6 years of trading journey, these are the lowest premiums ive come across 8. Yesterday Nifty once again touched 17600. 9. Again closing higher above 17600. 10. So markets are now in an extreme consolidation Mode. 11. It's trading so flat and just within a range. 12. Bank Nifty is finding strong support near 42k. 13. Nifty Is in a tight band of 17600 to 17700. 14. Bank Nifty between 42k and 42400. 15. Larger range for nifty for this expiry is 17500 to 17800. 16. That's where the highest open interest has been built in. 17. Do not see any bigger move unless any of the above levels get taken out. 18. Midcaps and smallcaps continue to outperform the major indices. 19. Market breadth was

Consolidation Phase (20th April 2023)

1. U.S Markets closed mixed yesterday.  2. Right now , U.S Futures are trading lower. 3. Asian markets are mixed. 4. SGX Nifty is indicating a gap upof 40-50 points. 5. Yesterday Nifty once again touched 17600. 6. Yesterday as well it was a Consolidation kinda day  7. Market opened on a flat note  8. Was rangebound throughout the day. 9. Bank Nifty underperformed Nifty yesterday.  10. Today is the weekly options expiry. 11. I expect a ranging sort of expiry today. 12. 17600 to 17700 to be the immediate range. 13. For monthly expiry, highest open interest is seen at 17500 & 17800 14. 17500 PE in the monthly expiry has highest OI  15. Followed by 17800 CE. 16. Expect markets to trade within this range for the Month. 17. Yesterday we closed near 17600 and this is almost the lower level of the range. 18. Risk - reward favours in buying near the lower end of the range. 19. Nifty might trade between 17500 to 17800 today. 20. stockmarketadvisory.in

Consolidation (19th April 2023)

1. U.S Markets closed mixed yesterday.  2. Right now , U.S Futures are trading mixed. 3. Asian markets are mixed. 4. SGX Nifty is indicating a gap down of 40-50 points. 5. I had mentioned on whatsapp that I'm expecting a retest of 17700 -17650 soon. 6. Yesterday Nifty almost touched 17600. 7. Market opened with a slight gap up opening yesterday.  8. This gap up was immediately sold into 9. Market from there recovered and went higher again. 10. Yesterday for the whole day Nifty was trading in a tight range. 11. 17600 to 17700 was the range. 12. Within this range consolidation was on. 13. Bank Nifty range was 42000 to 42400. 14. In this range there have been many ups and downs yesterday  15. Markets are In a consolidation stage with slight negativity. 16. Consolidation is always good as Markets find time to settle and make a larger move later on. 17. Yesterday it was the FIN Nifty expiry. 18. Premiums were too less yesterday but markets moved violently. 19. Reliance is th

IT Index Crash (18th April 2023)

1. U.S Markets closed lower yesterday.  2. Nasdaq was the laggard yesterday.  3. IT Stocks all over the World have been experiencing the pain due to Slowdown in the Economy.  4. Right now , U.S Futures are trading mixed. 5. Asian markets are mixed. 6. SGX Nifty is indicating a gap down of 40-50 points. 7. I had mentioned on whatsapp that I'm expecting a retest of 17700 -17650 soon. 8. The same has happened yesterday but I don't think market would go higher in a hurry. 9. Results season has been kicked off on a poor note. 10. IT Index was down more than 6% yesterday.  11. Most of the pain coming from Infosys. 12. As most of the companies have business outside India mostly in the U.S 13. Recession fears have hit them hard. 14. This is a temporary phenomenon which could go on for another Quarter. 15. Quality businesses when experiencing Macro pain are an excellent opportunity to accumulate over long run. 16. Financial stocks are the outperformers.  17. Bank Nifty has b

Below Par Results (17th April 2023)

1. U.S Markets closed lower on Friday. 2. Right now , Asian markets are higher. 3. SGX Nifty is down 80-100 points. 4. This would be a large gap down opening now  5. In spite of U.S Futures being higher today , SGX Nifty is facing the heat. 6. This is majorly due to poor results by Infosys. 7. Having gone through the results we could only say that it was a shocker. 8. It was a miss across all fronts for Infy. 9. HDFC Bank results weren't as extraordinary either. 10. The results were quite par. 11. Nifty closed above 17800 on Thursday.  12. Which is a sign of breakout. 13. Today we are likely to have a huge gap down. 14. Expecting IT Sector to be down by atleast 2-3% today. 15. The leader of the pack Infosys has come up with such poor results. 16. This would have an impact and a psychological hit on other IT Stocks as well. 17. Bank Nifty is outperforming the Nifty currently. 18. Going through the results , it would continue to be so. 19. Nifty might trade between 17650

Consolidation Expected (13th April 2023)

1. U.S Markets closed lower yesterday.  2. Nasdaq was the laggard yesterday.  3. Nasdaq has underperformed for the third straight day now. 4. Dow Jones & S&P 500 were the outperformers. 5. Right now , U.S Futures are trading lower. 6. Asian markets are mixed. 7. SGX Nifty is indicating a flat opening. 8. Nifty has retraced 1000 points from the recent lows. 9. Revent low was 16800 and now nifty has touched 17800. 10. This is a 1000 point non - stop rally. 11. Similar for Bank Nifty as well. 12. Markets might now Consolidate for a while make a base and then begun a new leg of rally. 13. Selling might again resume and market keeps trading within a range. 14. Both of these Possibilities exist as of now. 15. Once 17800 us out we would be heading towards 18k. 16. Yesterday VIX got increased as Nifty touched 17800. 17. This might also be due to fear in the shorts. 18. Due to non stop rally shorts are fearing to sell. 19. Nifty might trade between 17650 to 17950 today. 20.

Nifty inching towards 17800 (12th April 2023)

1. U.S Markets closed mixed yesterday.  2. Nasdaq was the laggard yesterday.  3. Nasdaq has underperformed for the second straight day now. 4. Dow Jones & S&P 500 were the outperformers. 5. Right now , U.S Futures are trading higher. 6. Asian markets are mixed. 7. SGX Nifty is indicating a gap up opening of 10-20 Points. 8. Markets are in a sort of consolidation phase. 9. Technology stocks are facing the brunt globally. 10. We are close to important resistance of 17800. 11. Markets look quite strong even now. 12. It's a good time to book profits and wait on the sidelines. 13. Once nifty breaches 17800 one can initiate fresh longs. 14. Banks were the outperformers yesterday.  15. Specially the PSU Bank index was on fire. 16. India VIX is trading near 12. 17. That's the reason the Volatility and also the premiums are too low. 18. Once nifty breaches 17800 the next target is 18k. 19. Yesterday we had advised to initiate long positions with a stoploss of 17400 a

Pre - Market Analysis (11th April 2023)

1. U.S Markets closed mixed yesterday.  2. Nasdaq was the laggard yesterday.  3. Dow Jones & S&P 500 were the outperformers. 4. Right now , U.S Futures are trading higher. 5. Asian markets are mixed. 6. SGX Nifty is indicating a gap up opening of 10-20 Points. 7. Markets are in a sort of consolidation phase. 8. Yesterday the markets were flat and have been consolidating throughout.  9. All this is happening with a Bullish bias. 10. Markets closed positive yesterday as well. 11. Uptrend is still intact in the markets. 12. Any sort of dip close to 17500 is a buying opportunity on Nifty. 13. Bank Nifty dips close to 40400 is a buying opportunity.  14. Yesterday the advance decline ratio was almost equal. 15. Option premiums are too low now. 16. Sellers are facing too many difficulties selling such low premium options. 17. Risk reward doesn't favour selling options at such low premiums. 18. Don't expect VIX to rise in near future as there's no event nearby.

Pre - Market Analysis (10 April 2023)

1. U.S Markets closed flat on the previous trading day. 2. Right now , U.S Futures are trading mixed. 3. SGX Nifty is indicating a gap up opening of 30-40 Points. 4. Asian Markets are mostly mixed. 5. This has been a marvelous turnaround in markets. 6. Nifty from the swing lows of 16800 has rallied almost 600+ Points. 7. Last trading session, everyone expected RBI to raise rates. 8. To the contrary , RBI took a pause from hiking rates 9. This suggested a dowish signal to the markets. 10. People are happy by RBI not raising rates but the U.S Job numbers show different story. 11. U.S reported phenomenal job data numbers. 12. This would again lead to rate hike by the FED. 13. This is the general expectation floating around in wall street. 14. When FED raises rates and there's a situation where we would also hate to raise rates. 15. RBI would have to go for emergency rate hikes. 16. This has happened in the past and this remains a fear. 17. As of now , the Markets are in a

Pre - Market Analysis (5th April 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are trading mixed. 3. SGX Nifty is indicating a gap down opening of 30-40 Points. 4. Asian Markets are mostly mixed. 5. On Monday the markets were in a Consolidation Mode for the first half. 6. In the second half Markets gathered some steam and closed at the highest point of the day. 7. Friday and Monday the markets consecutively closed at the highest point of the day. 8. This indicates a Bullish uptrend in the markets. 9. India VIX for most part of the day was trading higher. 10. During the second half VIX Crashed and closed negative.  11. Premiums for the options are ultra now. 12. VIX is trading at multi year low. 13. Market breadth has also been positive since last 2 trading sessions.  14. Somewhere I'm not much convinced with the rally. 15. This is more of a short covering rally than a trend reversal.  16. There will be days where markets will have big rallies and it would feel like good days are ba

Huge Short Covering (3rd April 2023)

1. U.S Markets closed higher on Friday. 2. Right now , U.S Futures are trading mixed. 3. SGX Nifty is indicating a gap up of 30 points today.  4. Asian Markets are mostly higher. 5. Friday was the mother of short covering rallies. 6. First itself markets had opened 200 points higher. 7. This was in itself a huge gap up opening. 8. As soon as Markets opened , markets kept making new highs during the day. 9. So it was a huge trending day. 10. I didn't expect such a huge short covering rally. 11. Also this rally wasn't on the back of any such news. 12. Markets always tend to surprise you. 13. Many people are saying that due to financial year end traders would like to square up positions. 14. For closing of their accounts hence the big rally. 15. This might also be a Possibility.  16. Now the Markets have broken the swing high of 17300 and closed higher. 17. 17200 is now a support for the markets. 18. Next resistance is now at 17500. 19. Bank Nifty also looks quite Bull