- US markets closed at record highs & up 0.5%
- But Asian markets are not mixed.
- SGX Nifty is almost Flat.
- Yesterday for the first half Nifty traded only within 30 Point range.
- Second half was witnessed by massive short covering.
- Bank Nifty & Nifty were up significantly.
- I did mention in my previous blog that If 11500 crosses and sustains we would witness 11600 instantly.
- We are not far from the targets.
- FII's were net buyers yesterday but DII's were net sellers.
- Shared an SBI Strategy on Telegram and it's running at 6k profit per lot.
- Link of Telegram Channel
- https://t.me/moneymakingtrickss
- Today Expiry seems to be on the Bullish side
- But you never know with Monthly Expiries.
- Big Moves might also happen.
- As an Option seller we have stuck to Equity Option Selling and have avoided Nifty & Bank Nifty as Volatility is always high for Monthly Expiry.
- Today will look to sell on every dip.
- Bank Nifty has been Outperforming the Nifty.
- PSU banks looks strong and are joining the party.
- I have sold Out Options of all Banking stocks.
- Sold ICICI Bank 385 PE , HDFC Bank 1110 PE , Axis Bank 455 PE , SBI 205 PE.
- All are likely to open below 0.5 paise.
- Nifty might Expire between 11460 to 11640 today
- 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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