Skip to main content

19850 - A stiff resistance ( 17th Nov 2023)

1. U.S Markets closed flat yesterday 
2. All Indices closed very flat.
3. Right now , U.S Futures are higher.
4. Gift Nifty is indicating a 20-30 point downtick.
5. Asian markets are mixed.
6. U.S Vix is now below 14.
7. Yesterday was the most difficult expiry for expiry day option sellers.
8. There was a flat opening yesterday and the markets kept on moving higher.
9. That was the expiry effect as many shorters got trapped in the first half of the trade.
10. Nifty at one point of time crossed 19850 as well.
11. Then came a massive selling in the final hour 
12. Nifty fell 130 points in no time 
13. Again 19800 PE sellers got trapped badly.
14. I always say there is no point doing option selling on expiry days 
15. For chillar 2-3rs premiums you may have to sell your house 
16. One should know when to buy,  when to sell and when to hedge options.
17. Being stubborn and following just one type of trading and not being flexible will cause more ruins 
18. 19850 is important because in whole of October nifty failed to cross 19850.
19. From 19850 , Nifty made a bottom around 18850.
20. Once 19850 is crossed, we would be heading towards all time highs.
21. Markets take their own time in doing so.
22. We just have to patient enough.
23. Nifty might trade between 19700 to 19900 today.


Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

Pre - Market Analysis (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday.  8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday.  10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility.  13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday.  18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday.  20. So clearly there was valuation over hang which is gettin

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke