- 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 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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