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Pre - Market Analysis (10th July 2020)


  1. U.S Markets closed 1.5% lower Yesterday but now Dow Futures are Trading Positive.
  2. Asian Markets are also Mixed.
  3. SGX Nifty is Trading flat near 10780.
  4. Yesterday was a very Rangebound Market as Expected but Intraday moves were very Volatile.
  5. I was in 60k MTM profit by 1 pm.
  6. 10k MTM loss by 2 pm.
  7. 1 lakh MTM profit by 3.30
  8. Such was the Intraday Volatility Yesterday.
  9. I also said Yesterday in my Blog that Wednesday was just Normal profit booking day.
  10. Reason was Nifty did not break any major support levels and that view worked out Yesterday.
  11. Nifty is Slowly striking the door of 11000 now.
  12. Markets might just Consolidate now for some days but should slowly inch higher.
  13. This Expiry Nifty might trade between 10500 & 11100.
  14. Planning to take an Iron Condor based on this Range.
  15. Those who have taken Training with me know what is Iron Condor and can take this trade.
  16. This will fetch you 4% return in 4 working days if Nifty Trades between 10500 to 11100.
  17. Sell 10400 PE & buy 10300 PE sell 11150 CE & buy 11250 CE.
  18. Mostly on Fridays markets don't give big Moves and trades within a range.
  19. India VIX fell below 25 Yesterday.
  20. Which says that Intraday Volatility will reduce .
  21. Intraday Volatility reducing is a great news for Hedge Traders.
  22. This Remains to be the view of as now.
  23. Nifty Might Trade between 10720-10860.
  24. Do not carry any large Positions over the Weekend.
  25. stockmarketadvisory.in

Comments

Arya said…
Sir how is it a great news as now it will be difficult to make money by hedging because market will not give any big move
10 July 2020 at 09:00
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