- US markets closed in a Flat Terrain Yesterday.
- Asian Markets are also Mostly Flat.
- SGX Nifty is about 30-40 Points higher trading near 9440.
- Bank Nifty Outperformed Nifty Yesterday.
- Yesterday Market Opening , Nifty was Flat whereas Bank Nifty was up 300 Points.
- The reason is IndusInd Bank , Inspite of Posting Bad Results stock rallied 17% Yesterday.
- IndusInd Bank Profits fell more than 75% but still it was the Star Performer Yesterday.
- I always say it's very Difficult to predict and trade on results because Market gives Unexpected Movement.
- Many Short Positions were built in IndusInd Bank as all were Expecting negative results.
- All the Shorts were taken to cleaners and due to short covering the stock rallied even more.
- Axis Bank Declared results Yesterday & the results were average.
- Any Big Movement on this stock will again have an Impact on Bank Nifty.
- As Im been saying from quite some time now , i dont expect to go much lower in this Expiry.
- Economy is Weak , Corona Virus cases are rising but Markets are rising , how?
- Well this remains the Question that most people want an answer for. If you want to know the Detailed answer WhatsApp me Personally at 07719887348 ill make a seperate Blog on this.
- So our Job as a Trader is to understand the message what market has to offer and the message is simple , this is a buy on dip market.
- This is not a runaway Market in which Market keeps making highs everyday. Slow trending upward market which is giving good Opportunities to enter into.
- Higher Range of 9400 was crossed Yesterday so Markets can go to 9500 from here.
- Keep building your Positions on dips & wait for the Markets to reward you on the up side.
- Shared SBI Expiry STRATEGY Yesterday and that Strategy is working quite well now.
- We are already in 3rs profit per lot & would look to exit it today with around 4rs profit per lot today.
- Holding on it on Weekly , Monthly Expiry might turn risky as Stocks can give big Moves due to Expiry.
- Bought 9500 CE , sold 9550 CE , 9600 CE , 9650 CE.
- Sold 9000 PE , 8950 PE , 8900 PE , 8850 PE , 8800 PE.
- All my Trades are of April Expiry only.
- Nifty is likely to trade between 9300-9500 today.
- India VIX continues to fall & is now below 38.
- Most of the times the Trend on the first few days of Expiry continues till the Expiry.
- Trade on the Message which your Trading Screen & Markets are giving & not whats going on in your Head.
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- Reminder - WhatsApp me Personally at 07719887348 if you want me write a Blog on " WHY MARKETS ARE HEADING HIGHER EVEN WHEN THERE IS EXCESSIVE NEGATIVE NEWS " will make a seperate Blog on it If I see Considerable sum of people are Interested for the same.
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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