- US markets touched another record high on Friday.
- Asian markets are majority higher.
- SGX Nifty is down 200 points.
- With Very Positive Global cues we have negative local cues.
- Covid Cases are on the rise. There's no peak to be found near.
- India is struggling to manage and the mishap caused due to their negligance.
- The word Lockdown hasn't been used by Govt but almost all the restrictions are equal to Lockdown.
- Last 2 Monday's SGX Nifty fell 400 Points each.
- Today we have a gap down of around 200 Points.
- The Question is "how much will we fall today"?
- Bank Nifty Is very bearish and almost down 20-25% from its all time highs.
- HDFC Bank has come out with results but they seemed to be below par.
- All these factors would add up to more weakness in the Market.
- On Friday both FII's & DII's were net buyers.
- Puts were written Aggressively near 14500 and 14200.
- This might be a knee-jerk reaction and a panic sell.
- I dont see big fall might happen today.
- One can sell 14100 and 14000 Put options of weekly expiry as ViX would be high and only 3 trading sessions are there for this expiry.
- Wednesday being a holiday.
- Nifty might Trade between 14380-14620 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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