- US markets closed Positive Yesterday.
- Asian Markets right now are all higher.
- SGX Nifty is trading near 13470.
- Yesterday Markets tried hard to cross 13500 but failed.
- As Suggested Yesterday , NIFTY moved within 13200 to 13500.
- This is the broader range for our Markets.
- Once if any of the Boundaries get taken out then we might start witnessing a trend.
- Until this range holds , Expecting Markets to Consolidate.
- From last few days buzz has been in Equity Segment.
- PSU Banks have been flying.
- Pharma & IT also Contributing to some gains.
- FII's still holding net long Positions.
- Retail people redeeming money at higher levels through Mutual Funds.
- According to me we are in the final leg of the Bull Market.
- Some Stocks may rally after this last leg gets done but we won't witness a one way rally across all Segments.
- We have moved up too quick too fast.
- Bull Market won't stop but the pace will reduce.
- I would sell near 13500 with a Stoploss of 30 Points on spot.
- If it doesn't work I book my loss and step out.
- If it works I would again be a buyer near Yesterday's low & close shorts near that level.
- So this is the plan for today.
- Nifty might Trade between 13340-13520 today.
- stockmarketadvisory.in
- Question of the day by MRS.Nidhi
- What is hedging? Are we Pure Option Sellers?
- Whenever I say the Term Hedging people assume we are option sellers but this is incorrect.
- Hedging means for every buy option there should be some sell & for every sell option there should be a buy.
- We don't buy nor sell naked options.
- We always cover up with some other option by hedging. Trading naked options is extremely risky , Options were primarily bought for the purpose of hedging.
- But people took if for Gambling by trading naked options.
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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