- US markets closed 2% higher Yesterday.
- Asian markets are all cheering in Green.
- SGX Nifty is now Trading near 9365.
- In Spite of high Negative news Yesterday , Markets have given a Breakout.
- India - China border Tensions.
- Corona Virus Cases Rising.
- Inflation Going up , Growth going down.
- Still Markets Rallied heavily Yesterday & all the Shorts were taken to cleaners.
- Usually in highly Volatile Markets , generally on the last days of Monthly Expiry we witness a big move.
- April Month also Markets Witnessed a huge move.
- To be fair , I too dint expect such huge rally Yesterday and was totally taken by surprise.
- Bank Nifty higely Outperformed Yesterday and the reason was only "Short Covering"
- Still lot of shorts are in the System and they will have to square up their positions today.
- Yesterday Call Option Writers lost big due to this Unexpected move.
- I also lost some Money but managed my risk well not to lose huge.
- Bought 9250 CE well in time to hedge 9350 CE which was being sold and could save myself from losing huge money.
- Option Sellers should keep in mind to buy Options as well to hedge their Trades or else the risk becomes huge.
- Lost around 0.3% of my Trading Capital Yesterday which will be covered up in today's Expiry.
- We have carried 9200,9250 Call Options and sold 9300 call Options for every Account Handling client.
- For High risk Account Handling Clients ( Monthly) we have Carried 9250 CE of today's Expiry. ( Naked)
- 9400 is now a Resistance for Nifty and if that gets taken out then we might easily witness 9500 today itself.
- 19000 is a near Term Resistance for Bank Nifty & if thats get taken away we can get huge spike towards 19500.
- The short covering rally was witnessed as DIIs bought for more than ₹2000 Crores.
- FII's were net sellers again for Yesterday.
- 9200-9250 is a good support to work with for Intraday Traders.
- Today is also the Monthly Expiry so the Volatility will be at its Peak.
- It would be better if you try to trade in Options of next Expiry ie , June 4th if you are an Options Buyer.
- Just for an Intraday basis.
- Yesterday i mentioned that Financial Stocks might be bottoming out after a huge Bear Market and we Witnessed a huge rally Yesterday.
- We are not yet aligned with the Global Markets and are still higely Underperforming.
- There is a Saying in Markets " Bull Markets are built out of Excessive Pessimism"
- In Spite of highly pessimistic news we Witnessed a huge rally Yesterday.
- I dont see Nifty testing 7500 again and we have made a bottom out there.
- Good time again for Investors to buy Quality Bluechip Stocks and keep Accumulating.
- Today's theme remains to identify the Stocks where there are Excessive short positions being built up.
- Short covering rallies will be big.
- ICICI Bank closed 10% higher Yesterday.
- Axis Bank Witnessed huge short covering.
- Stick to such themes for today's Expiry.
- Nifty might Trade between 9250 & 9400.
- If 9400 gets taken away we might Witness 9450-9500 today itself.
- Have been Receiving many requests from Investors that Im 24*7 Focused in Trading and do not help investors at all.
- So we have Finalised a Monthly subscription Plan for Investing and Short term Trading Community to guide them RELATING to their Investments , Financial Planning and also Portfolio Balancing.
- All the Subjective Doubts ( RELATING to investing and also trading) will also be cleared RELATING to Stock Market of each and every client on an Individual Basis.
- 172 Members have Enrolled Yesterday and we are planning to close registrations by this Weekend.
- WhatsApp me Personally at 07719887348 if Interested to join for the same.
- 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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