- US markets fell Yesterday.
- Nasdaq down more than 300 Points.
- Technology stocks are facing a hit as they are highly Overvalued abroad.
- Asian Markets are all Trading lower.
- Ten year bond yield has gone up from 1.14% to 1.49%.
- SGX Nifty Indicating big gap down today now trading at 15020.
- Yesterday Markets broke 15k and closed significantly higher.
- Now Markets indicating severe gap down.
- I mentioned Yesterday my range for expiry as 14800-15200.
- Markets are highly Volatile within this range.
- Option writers who exited calls yesterday after big rally and held puts will again face severe hit today.
- This Volatility will cause Attacks to writers.
- Plus today is weekly expiry.
- 15100 Put has 39L open interest whereas 15000 Put has 59L open interest.
- If we start trading lower big unwinding will happen in these options.
- This can create more panic on the downside.
- I've sold 15000 PE & 15300 CE Yesterday.
- Expecting this gap down to cause some issues.
- Will look to manage positions and consider doing Adjustments.
- I expect some sort of recovery in the first half.
- Second half is crutial today.
- Markets fell on the back of rising bond yields on Friday.
- Will Markets react to this news again is a matter of fact.
- Nifty might Trade between 14960-15160 today.
- stockmarketadvisory.in
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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