- US markets closed 10% lower Yesterday during which the returns under Trump have become Negative for Dow.
- PM Narendra Modi to address Nation today at 8 pm.
- We have been Outperforming all Global Markets in terms of Underperformance as our Government is not providing any STIMULUS any relief etc.
- Crude Oil has dropped from 70$ to 20$. India is a Big Beneficiary as we are Importers of oil. Government should easily benefit the Citizens due to the same.
- SGX Nifty hit a high of 8477 today morning but now lost more than 300 points.
- Now SGX trading below 8200.
- Don't Buy , Don't Buy , Don't Buy. Saying this since Nifty was near 12000. Saying this now as well.
- Nothing matters in these Markets. No levels , No technical Analysis .
- Buying Options today would be very high risk. Premiums are already high plus today is Expiry , any short covering move will decay the Premiums very Quick.
- So today I am just going to sell Options. As time is in my Favour and this appears the best Instrument to trade in these sort of Markets.
- On the Days of Expiry there are Chances that Markets might Consolidate and keep chopping around. This would also lead to high Premium decay. So maintain caution while Trading today.
- High Quality Stocks are also coming under selling Pressure now. So Shorting Opportunities can be explored here as the fall might be more in coming days.
- One can consider buying Next Week Option Contracts (26th March) to trade as the Time is in your Favour without any Deadlines.
- Not Advisable to Trade in Futures Segment. Everything already trading at huge Discounts. No proper risk - reward visible there.
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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