- US markets closed a Percent higher Yesterday.
- But Asian markets are Almost Trading Flat.
- SGX Nifty is down 20,30 Points and Trading near 10220.
- PM Modi's Announcement Yesterday is not to likely have much bigger impact on the Markets.
- Infact PM had given a warning regarding Corona Virus and there was no update of lockdown.
- This might be taken as Negative by the Markets.
- Markets are stuck in a range now.
- There is Conjession in the upper region.
- But there is not much downside as there is support when it goes lower.
- Markets are howering within this range.
- Yesterday gave a Strategy in our Telegram Channel and that was Performing very well.
- FII's were net Sellers Yesterday but DII's were net Buyers.
- One thing which can be said looking at the data is there is not a bigger Upside for our Markets now as FII's have become Net sellers.
- But if any Positive News comes over we might Witness short covering as well.
- So ,one Shouldn't rule out such Possibility.
- Markets have not given any major move this Expiry.
- Usually on Wednesdays Markets give a major move and there is high Volatility to trap option sellers / hedgers.
- So there might be a Significant move today.
- I have sold 10500,10600 CE on Nifty weekly Expiry and bought 10900 CE for Margin benefit.
- Capital required for the above trade was ₹15k per lot.
- Will look to sell Puts on every major fall for this Expiry.
- Remember Im neither an Option Buyer nor an Option Seller.
- Im a Hedge Trader , I do both buying and selling in every single trade of mine.
- Expected a range of 10,000 to 10500 on Nifty for this Expiry and that seems to be working very well as of now.
- This Market is benefitting only the Contra Traders.
- That is the Traders who are betting on the other side.
- Mentioned the same Yesterday and Market fell from Intraday highs.
- Those who are Chasing the Trend and rallies are being trapped.
- Nifty might trade between 10140 to 10320 today.
- 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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