- US markets closed on a Mild Positive Note on Friday.
- Asian markets are also Mildly Positive.
- SGX Nifty is down 60 Points & Trading Near 9085.
- News Came over the Weekend that Lockdown has been extended all over the Country upto 31st May 2020.
- On Friday FIIs sold Greater than 2200 Crores.
- The FII Data Clearly Indicates that they havent liked the STIMULUS package from the Government.
- On Friday , Nifty again had a Retest of 9050 but reversed from there.
- Market is in a Consolidation Mode in May Series & Boundaries are not easy to be taken away.
- Meanwhile Reliance Industries has bagged another Cheque from General Atlantic (U.S Company ) for 1.3% stake in Reliance values at ₹6598 crore.
- This is the Fourth Cheque bagged by Reliance from the beginning of this Lockdown.
- Reliance is a stock which everyone should have in their Long Term Portfolio & can start Accumulating on small Declines / Dips.
- Markets are not ready to React on any Short term news being thrown on it for now.
- Currently , Im neither Bullish nor Bearish.
- If we get a closing below 9000 or above 9500 on Nifty then I will turn Bearish or Bullish.
- As Long is this Range Continues I am Neutral.
- Surprisingly , even when Markets are Negative the Call Premiums are Significantly higher Compared to Put Premiums.
- This Indicates that we might not fall Significantly from here.
- Sold 210CE , 200CE , 190 CE &150 PE for SBI May Series.
- The Trade now is to play for a Reversal in Nifty from it's lower Range of 9000-9050.
- If these levels are taken out in Intraday and we get a closing below 9000 then we can expect more Bearishness.
- Bought 9200 CE , Sold Double the Quantity for 9400 CE.
- Defence & Aviation Stocks might be in focus today as Economic Package contained some positive Outlook towards those Sectors.
- Bajaj Finance , Finserv are likely to Announce Results this week.
- stockmarketadvisory.in
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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