- US markets ended Flat and recovered a but of losses.
- Asian markets too recovered a bit from the lows
- SGX Nifty is up by 70 points & trading close to 13k.
- Markets witnessed heavy profit booking Yesterday after opening at all time highs.
- Bank Nifty too wasn't able to sustain above 30k.
- This correction was a necessity because Markets were heating up.
- Markets were just rallying one way and this isn't good.
- Today is the Monthly and weekly expiry for November series.
- Today is going to be highly Volatile than ever.
- Option writers particularly selling Intraday options of today expiry should be very mindful of that.
- This Market cab fall or rise too quick too fast.
- I would advice to keep a very low to begin with when entering any new positions.
- Yesterday DII's have sold for 1700+ crores.
- FII's have bought for around 50 crores only.
- This is the lowest number of FII buying for whole of the November.
- Before this FII's were contineously buying for more than 2000 crores on a daily basis.
- VIX rose 8% Yesterday and now is Trading near 22.
- Slowly it's inching higher.
- Nifty might Trade between 12820-13080.
- Big range as its Monthly expiry day.
- stockmarketadvisory.in
- Question of the day by MR. Vinay - I trade In all the Segments , Options , Futures , Equity Cash etc but haven't benefitted from any. What should I do?
- To Master yourself in Trading you need to pick a particular segment. I am purely an option Trader I've mastered it and I trade mostly on Nifty. Bank Nifty and Equity options is done only when large Opportunity exists. Even when you trade in Stocks it's important to select a few stocks which matches your trading style.
- Some stocks are highly Volatile , some are rangebound while some move with the Market. My expertise lies in analysing the Market so I prefer stocks which moves in sync with the Market.
- Likewise, you need to make a portfolio of your trading stocks. It's important only to make money not important from how many different stocks you make.
- Even if you trade in a single stock everyday but are able to analyse it's price movements you are doing very well.
- So in short , select and stick to a specific area and master it.
- Do not be a Jack of all and master of None in Trading.
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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