- US Markets opened Positive Yesterday but Ultimately closed in Red.
- Nasdaq is also Trading lower.
- Asian Markets are mostly in Red.
- March would be the first week where Nifty has expired Negative.
- FII's have started to sell.
- When FII's press sell Button this is how Market falls.
- SGX Nifty at one time was below 14500 but has recovered now.
- 14500 is a near term support for Nifty if that breaks then next support comes around 14350.
- Same way 14700 CE has added highest open Interest yesterday.
- That would act as a resistance today.
- Monthly Expirys are more Volatile than weekly Expirys as there is excess participation.
- Futures Contract Expiry also happens the same day.
- Plus rollover of some Futures Positions too.
- This creates added Volatility.
- I have sold Many Call Options.
- 14750 CE , 14800 CE , 14700 CE on Nifty.
- Have sold 34000 , 34100 , 34200 , 34300 , 34400 , 34500 CE on Bank Nifty.
- Will look to exit these trades in first half as premiums would come to single digits mostly at open.
- Will convert the Positions to next Expiry ie , 1st of April as we have a Holiday next week.
- Next week we have only 4 trading sessions.
- Today's view is Bearish / Neutral.
- Nifty might Trade between 14360-14700 today.
- stockmarketadvisory.in
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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