- US markets ended flat Yesterday.
- Asian Markets are slightly positive.
- SGX Nifty is Trading close to 14950 now.
- U.S Feb minutes indicated that accomodative policy stance will continue.
- That has given an assurance to the Markets.
- Yesterday we had RBI monetary policy & it was as per Expectation.
- There were no change in Rates.
- Also RBI had come up with Interesting liquidity measure programs.
- Nobody expected this kind of liquidity measures like G Sec acquisition program, etc.
- Due to positive commentary by RBI the Bank Nifty made a 1000 point swing from intraday low.
- There was a big short covering Yesterday.
- Clearly RBI Policy was a trigger for short covering.
- I've sold 14700 , 14650 , 14600 PE Yesterday of weekly options.
- I am Confident on Global Markets.
- U.S Markets trading at all time highs so the breakout is likely to sustain with Positivity.
- Indian Markets also have some positive triggeres now.
- So selling Put options was the idea yesterday.
- Yesterday both FIIs and DIIs were net buyers in Cash market.
- 15000 CE has the highest open interest in Call Options.
- 14900 CE also had some addition Yesterday.
- If these levels taken out then we will witness big short covering.
- My Expectations for today expiry is in the first half we may be flat / negative.
- 2nd half we might go higher.
- 14700 PE on the lower side added big open interest Yesterday so this is likely to be a good support for the Markets today.
- Nifty might Trade between 14760-14980 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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