- 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 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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