- 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 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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