- U.S Markets closed a percent higher Yesterday.
- Asian Markets are Mixed with a Positive Bias.
- SGX Nifty is Trading around 10290.
- Yesterday our Markets were highly Volatile.
- If you see the Markets after closing you might see Nifty fell just by 16 Points and think what was so Volatile.
- But during the day the Swings it gave were Dangerous.
- I've been doing Expiry Trades for about 3 Years now and trust me Yesterday was the most Difficult "Question Paper" in CA Students language.
- Every Traders Stoplosses got Triggered Yesterday.
- Those who managed high MTM loss at one point and had a strong Conviction made money.
- I mentioned in my Blog Yesterday that I am not Expecting Nifty to fall further as we already fell on Wednesday.
- ITC was the star of the show Yesterday.
- It closed more than 5% higher Yesterday and Supported our Markets.
- After such a Dangerous day Yesterday I need some break so I will Personally not be trading today and will be clearing the past day workings which are there in my mind over the Weekend.
- Reliance has been finding high Resistance near 1800 levels.
- Did a "Short Straddle" Yesterday for 10,000 Strike price August Series on Nifty.
- Not Expecting Markets to move significantly higher or lower for some time now.
- So planning to eat some Premiums if Nifty Trades within a Range.
- Also have done a Ratio Spread for Reliance Yesterday.
- Bought 1800 CE , Sold 1900 & 2000 CE.
- Will look to sell 1700 PE in case Reliance crosses 1800.
- Reliance Trade is of July series.
- If you have Sufficient Capital and the Skills to do Adjustments then only copy my Trades.
- Many People don't Understand trades posted in Blog and take up Something else.
- Please kindly do not take if you do not Understand the risk behind it.
- Not Expecting any Major moves today on the Indices.
- Keeping an Eye on ITC Results as they are expected to be quite solid.
- 10000 is a big Support for Nifty on the Weekly Expiry and 10500 is a Big Resistance.
- Will take Directional bets once any of these levels gets broken.
- Until then my View is Non - Directional and will be looking to Non - Directional trdaes only.
- Nifty Might Trade between 10200 to 10360.
- Do not carry any Weekly Expiry Positions over the Weekend.
- 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...
Comments