- 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 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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