- US markets closed at all time high.
- U.S Markets have broken out from a ranging scenario.
- But Asian markets are Underperforming U.S Markets.
- Asian Markets are flat/Negative.
- Yesterday we witnessed an intense selling in the first hour.
- This selling magnified during the day.
- I would term it as a Panic selling.
- Due to highest number of cases , gradual lockdown rules in some states.
- Covid 2nd wave fears there was a big selling Yesterday.
- FII's were net sellers Yesterday.
- DII's also didn't come to support the Markets at lower levels.
- Bank Nifty was the Culprit.
- All Financial stocks were targeted and surprisingly even after such a big fall IT index was Positive.
- So the target was Financial stocks.
- I feel Yesterday was a knee-jerk reaction and a bit of Panic selling.
- I had warned Yesterday that Volatility may tap up.
- I have been observing from last 3 Months whenever SGX Nifty closes around 20 , the next week it jumps higher.
- Those who sold Put Options Yesterday will be having a tough time.
- Yesterday's low of 14500 will act as a good support for the rest of this Expiry.
- 15000 CE has the highest open interest.
- If 14500 breaks then we will witness 14250.
- As of now I'm selling Call Options on every bounce using 50% of my Capital.
- If 14500 breaks I'll be selling CE's aggressively.
- Nifty might Trade between 14460 to 14740 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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