- 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 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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