- 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 YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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