- U.S Markets closed higher Yesterday.
- Dow Futures opened higher but witnessed slight profit booking in last 30 mins.
- SGX Nifty is trading around 15k.
- Yesterday it was a sluggish expiry.
- Nifty was trading at 15k for most of the day but Markets fell suddenly.
- Such sudden falls happen quite a lot of time on expiry days.
- May upto now has been a failry ranging month with just a few big moves.
- Expecting 200-300 one sided move on Nifty in this week.
- Bank Nifty is fairly dependent on SBI results today.
- SBI results would decide the future trend of Bank Nifty.
- I had taken a strategy on SBI which got exited yesterday by mistake.
- I take a lot of trades in Bank Nifty , Nifty etc so I just exit all the positions by clicking select all option.
- By mistake SBI trades were exited too.
- It got exited in Breakeven so I would advice all the readers if they are still into the SBI trade please exit.
- Fresh levels of entering the Stock may be given today after results or by Monday.
- Expecting the Volatility to increase a bit higher since it's the last week of May series.
- I've done 15k short Straddle at 300₹ yesterday for May series.
- This Straddle is safe up to 14700 and 15300.
- I'll be doing lot of adjustments too after taking straddle which obviously cannot be posted here.
- Nifty might Trade between 14920 to 15080 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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