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U.S Markets closed higher Yesterday. Dow futures are slightly positive currently. Asian Markets are mixed. SGX Nifty is trading above 15800. From Last couple of days , we are opening higher but witnessing profit booking during the day. This is due to FII's. FII's have been selling consistently since past many days. DII's and Retail People have been supporting this Market. Market is not actually bearish but it's been tiring at higher levels. Some trigger is expected to take the markets higher above 15900. Next talk of the town in India VIX. India VIX yesterday firmly broke 13. Now the option Premiums are very very low. Even in the Money options are at too little premiums. This cannot continue for long. Option sellers now have become very easy and selling very near options. As and when VIX rises , these will be trapped. Low VIX also indicates dull Market. Market is very dull now and Movement is very slow. Yesterday I slept looking at trading screen as it was t...

U.S Markets closed higher Yesterday on Friday. Dow futures are slightly positive. Asian Markets are currently higher. Right now U.S Futures are trading higher. SGX Nifty is trading above 15900. On Friday , we closed almost at record highs. Significant development was the outperformance of Banking Stocks. Bank Nifty outperformed Nifty by a huge margin on Friday and closed almost 2% higher. Bank Nifty Future has broken out above 35500. If we Sustain above this level for some time then the rally should continue. Reason for Nifty Underperformance is Reliance. Reliance is down 6% in last few trading sessions. Once Reliance settled and bottoms out then Nifty will fly. Global Markets are also Positive overall. The Sentiment and the Underlying tone is Bullish. July series we have many important events lined up. Companies are going to declare their results. In the Month of Corporate results Declaration we can expect Markets to make big move on the either side. U.S Inflation data has...

U.S Markets closed higher Yesterday. Right now U.S Futures are trading higher. SGX Nifty is trading near 15820. Asian Markets are mostly Positive. Yesterday we opened higher and were consolidating in the first half. Second half witnessed good profit booking due to Bank Nifty & Reliance. Bank Nifty was unable to cross 35k yesterday. Exactly where the highest open interest was built into. Yesterday was one of the least Volatile monthly expiry after many Months. June Series was good for the Bulls with Nifty closing 400-500 points higher than preiuous month. Bank Nifty underperforming heavily. Reliance and IT Stocks have led the rally. Going ahead we can expect Bull Market to continue. Every dip is a buying opportunity. If Nifty has to cross 16k then Bank Nifty has to start performing. Bank Nifty support Is required now for Nifty to reach fresh highs. I would look to sell Nifty near 15900 today and buy near 15760-15720 with 30-40 points Stoploss either side. Nifty might Tra...

U.S Markets closed slightly higher Yesterday. Right now U.S Futures are trading higher. SGX Nifty is trading near 15750. Asian Markets are mostly Positive. Yesterday we opened higher and were consolidating in the first half. Second half witnessed good profit booking due to Bank Nifty Underperforming. Bank Nifty has huge open interest at 35000. This would be a stiff resistance for today. Option Premiums are too low already. This is because India VIX is Trading below 15. In Spite of such low Premiums option sellers are confident to sell options. Risk is if any sudden news or move comes then premiums can rise significantly in no time. Another point I wish to mention is Small Cap and Midcap stocks a major chunk is highly Overvalued. The IPO's which came before had unreasonable valuations but most of them have been corrected. Some correction is due still. When Stocks without Fundamentals start to go up that's when you start to worry. If you have invested anywhere in last...

U.S Markets closed slightly higher Yesterday. Right now U.S Futures are trading higher. SGX Nifty is trading near 15900. Asian Markets are mostly Positive. Yesterday we opened higher and we're consolidating in the first half. Second half we witnessed profit booking near all time highs. 15900 is acting as some resistance now. Specially for Bank Nifty all rallies near 35k have been sold into Aggressively. Bank Nifty from last 3 weeks is Trading near 35k. I had done 35k Short Straddle in Bank Nifty 2 weeks ago & Exited with 300-400 Points. Had i been holding till today it would've been 1000+ Points gain. This is how weak the Bank Nifty is. Reliance AGM is scheduled on Thursday. Mota Bhai might come out with some surprises. Never go against Mota Bhai. If Nifty has to cross 16k Bank Nifty should start performing and Reliance should less the rally. To make 16k Possible. Today is Wednesday and Markets are majorly Volatile specially on Wednesdays. Plus Premiums are alre...

U.S Markets closed more than a percent higher Yesterday. Right now U.S Futures are slightly higher. SGX Nifty inching towards 15900. This has been a dramatic recovery in Global Markets. Yesterday during our Market hours Dow futures was down more than 1%. By Afternoon they have turn positive and since then the rally has continued. Yesterday Bank Nifty outperformed Nifty and was up 700 Points from day low. After a Big gap down it was a one way Trending day on the upside. This upside should continue. Today is Tuesday & two days are left before expiry. Today we can expect Rangebound markets. So Market night throw some surprises Intraday. Reliance AGM is scheduled on 24th June and Expectations are quite large. Reliance is likely to lead this rally & Outperform on these Expectations. FII's & DII's turned net buyers Yesterday. Infosys and Reliance are the two which will lead Markets on the upside. 16000 is a stiff resistance whereas support has been shifted to ...

U.S Markets closed more than a percent lower on Friday. Right now U.S Futures are down. Dow Futures are down 200+ Points. SGX Nifty is down 150 Points and trading near 15600. Indian Markets always tend to follow the Global Markets. On Friday we were down more than 2% from days high on both Nifty and Bank Nifty but witnessed a large short covering towards day end. Also a point worth noting is U.S VIX was gone from 15 to 22 in no time. Expecting India VIX to also go higher in coming days. Next 4 days Market is going to be highly Volatile. Usually the Monthly Expiry is always Volatile. Option Writers should be very careful and not hold positions till Expiry. Need to keep small targets and exit by day end. Carrying positions in these Markets is very risky. Also taking trades and holding it till the view of Expiry can also turn to be quite risky. First support for Nifty spot comes near 15540. If this is broken then Nifty could test Friday's low of 15460-15470. If we get clos...

U.S Markets have recovered most of its losses yesterday. Right now U.S futures are trading higher. SGX Nifty indicating a gap up 60-70 points. Asian Markets are also higher. Yesterday's price action of U.S Market indicates that the Temporary jitter due to Fed policy has subsided. U.S VIX was down 5% yesterday. I feel Fed rate hike is behind us. Also Fed is going to increase quarter percent and in next year which I do not think is a much issue. There is just some panic and reaction is knee-jerk. Bank Nifty took support as it's lower range of 34500 yesterday. This is likely to act as a good support in coming days. We are still in a Bull Market and every dip is a buying opportunity. Always Remember the larger the dip the bigger the rally. As dips always intice short positions and many short positions gets build up. These short sellers will take Market higher and lead to short covering. Yesterday due to Weekly expiry there was high Volatility. Important point was Market...

U.S Markets were down 400 Points at one point of time. But it recovered half of it gains Intraday. Right now U.S Futures are lower. Asian Markets are also lower. SGX Nifty is down 100 points. This is bacause Fed has indicated to increase the interest rates. Interest rate hike is negative for Equity Market as money shifts from Equity Market to the Bond / Debt Market. Today we have weekly expiry and considering expiry this gap is huge. Yesterday also we fell and today's dip is also a significant correction already. This dip is a buying Opportunity and we might recover Intraday. 2nd half may turn out to be Volatile due to Expiry related issues etc. Yesterday I said I'm Expecting profit booking in near term. Exactly this has happened in next 2 days. Such Corrections are good for the long term growth of Bull Markets and offer buying Opportunity. 15600 is a strong support for today's Expiry. Bank Nifty has good support around 34800. These levels should hold on to in t...

U.S Markets closed lower yesterday. Right now U.S Futures are lower slightly. Asian Markets are also lower. SGX Nifty is down by 30-40 points. This is due to the outcome of Fed meeting which is expected to arrive at 11.30 today. Before any Event due to Uncertainty we might witness profit booking. Same is happening today. Yesterday our Markets crossed the resistance of 14800 and closed sharply higher. Bank Nifty also outperformed for the last couple of days. Coming to today we can expect it to be a Volatile session. Wednesday markets are very Volatile from past many Months. You may Remember what had happened last Wednesday. So one should be ready to deal with Such Volatility. I don't think Fed meeting outcome would have much impact on our Markets. Unless they increase interest rate drastically. But I feel it's time to stay a bit cautious on upside. This seems like too streched Market now and some profit booking may be evident. This is the best Market if you get dips....

U.S Markets closed lower yesterday. Right now U.S Futures are higher. Asian Markets are mixed. SGX Nifty is almost flat. Yesterday we witnessed a big panic selling in the first hour. Bank Nifty down 600 points at one point. Nifty down 200 points. Gradually we started recovering & also there was clarification from Adani group that demat Accounts were not frozen. This let to a short covering in Markets. I mentioned Yesterday that Adani group news shouldnt have much effect on Markets. The Market is at all time highs and any Negative news will be reacted fiercely. That's what happened yesterday. The most surprising thing yesterday was even when Markets crashed option writers didn't sell call options to manage. Instead they sold more Put options. This shows the confidence of Bulls. 15700 & 15600 PE added large open interest yesterday. FII's long position is over 85% in Index Futures. I don't see any reason to be Bearish in near term. Every dip is an Oppor...

U.S Markets closed higher on Friday. Right now U.S Futures are higher. Asian Markets are also higher. SGX Nifty is down 40-50 Points. Reason is due to Suchita Dalal's tweet over the Weekend. Tweet stated there's some Manipulation going on in a Particular group stock prices. After the tweet , wise people could easily predict which is the group. Adani Group Stocks have moved 10X in last 2-3 Years. When a Stock moves due to Fundamentals etc that's acceptable. Here Adani Power has debt of 40k crore but Market Cap is at 50k crore. When Stocks without fundamentals start to fly that's when you should get uneasyness and the party is not likely to continue longer. I've hinted the same before a Month not to invest in Adani group Stocks. I don't expect this news however to damage overall market. This might be restricted only to Adani group Stocks. This should cause some temporary negative impact but in India you can get away with almost anything when there'...

U.S Markets closed higher Yesterday. Asian Markets are also Trading higher. SGX Nifty is indicating a positive opening around 15800. The talk of the town is U.S Inflation data. The General Expectation was 4.7% but it was come way higher at 5%. In spite of this U.S Markets closed higher yesterday much to everyone's suprise including me. Higher Inflation leads to higher interest rates and that is a negative news for Market. Higher Inflation also reduces the purchasing power. Yesterday I had mentioned that Wednesdays move was just a shake off to remove the loose hands. Market should start moving normally higher. That's what exactly happened yesterday's expiry. Market closed at the highest point of the day yesterday and trapped shorts. Today key levels for Nifty and Bank Nifty are 35500-35500 on Bank Nifty and 15800 on Nifty. Once we start sustaining above these levels then further short covering will take place. On Wednesday at one point of time my MTM loss was nea...

U.S Markets closed lower Yesterday. U.S Markets are down for 3 consecutive days now. This may be due to the Inflation news coming today Evening. Before the Inflation news , institutions wish to book profit and stay safe. Right now Dow Futures are slightly positive. SGX Nifty is trading near 15700. Yesterday our Markets witnessed quite big swings and turns. Bank Nifty opened below 35k trapped bears and rallied 400 points. Nifty almost did the same by reversing from lows in first half. Second half witnessed quite large amounts of profit booking. Just at the stroke of 14800 Nifty corrected and fell almost 200 points Intraday. Bank Nifty fell almost 800 Points from day high. All the Put writers got trapped and had to run for cover thus Taking Market even lower. It was a two way move in indices Yesterday. In spite of such high Volatility yesterday the India VIX was firmly lower. This suggests that it might be one off day for Bull's. I expect it as a shake off to take out the...

U.S Markets closed very flat Yesterday. Global Markets are in a Consolidation phase from many weeks. Asian Markets are also flat. SGX Nifty is also flat. Yesterday Nifty was very flat but Bank Nifty was the major focus. There was a good profit booking in Banking stocks. Bank Nifty was down by 350 points but Nifty closed just 10 points lower. This is a huge divergence between two indices. Nifty has rallied from 15200 to 15750 almost 550 points but Bank Nifty hasn't participated at all in the rally. It is just trading sideways between 35000 to 35500. FII's were net buyers yesterday and buying was done in good amounts of more than 1400 crores. DII's booked profit yesterday in the Banking stocks and sold more than 1600 crores. 35000 is a good support for Bank Nifty and it managed to hold on it yesterday. As long as Bank Nifty is above 34800 to 35000 I won't be bearish. This is the time to accumulate positions on dips. Lot of call writing has taken place due to b...

U.S Markets closed Slightly Negative Yesterday. Nasdaq closed slightly positive. Right now Asian Markets are mostly lower. SGX Nifty is down by 10-20 Points. Yesterday Markets opened higher and continued the Momentum. What was a bit surprising about Yesterday's rally was U.S Futures were down Intraday and European Markets were also lower during Market hours. Still our Markets closed firmly in Green. Reliance was the outperformed even Yesterday. Bajaj Finance and Bajaj Finserv both witnessed profit booking due to Cautious view by Managements. Bank Nifty facing some reistance near 35500. Bank Nifty will gather steam if we get closing above 35500. On the lower level 35200-35100 is a good support. Bank Nifty from quite some time trading within this range. When Everybody expects an index to go up it generally consolidates. When these people lose patience and dispose their positions it rallies. Most of the Technical people expecting Bank Nifty to go higher so it's Consoli...

U.S Markets closed positive on Friday. Job numbers reported were below expectations. Markets expect that if Job numbers are lower Fed wouldn't increase interest rates in near future. In Bull Markets news are interpreted seperately even if it's Negative. Right now U.S Futures are Asian Markers are down slightly. SGX Nifty is trading near 15750. Bank Nifty unperformed on Friday. There was not much out of RBI Policy but banks witnessed huge profit booking. In U.S they say if one Index hits fresh highs and Other Index do not follow then we are not in a Bull Rally. Rally will fizzle out in coming time. So if this is a Bull Market and if this is to continue Bank Nifty should touch it's all time highs sooner than later. Nifty is at its all time highs. Mid cap index has already crossed all time highs. Small Cap index has also done. Bank Nifty is the only laggard currently. PSU Banks are likely to Outperform than Private Banks. SBI default numbers were lowest in this Qua...

U.S Markets closed Mildly lower Yesterday. Nasdaq closed much lower Yesterday. Asian Markets are also trading lower. That is the reason of SGX Nifty trading lower by 30 Points now. Yesterday we had weekly expiry and it was a very stable one after so many weeks. Maybe this SEBI margin rule has reduced the Volatility due to which there are not big swings life before. India VIX fell another 10% yesterday. Now India VIX is close to 15 and below 16. India VIX below 15 indicates less Volatility and the Bull Market to continue. Reliance has crossed it's all time high of 2200. Reliance won't let Nifty fall significantly. This alone will propell Nifty higher and control the Markets. Today RBI Policy at 10 AM. The general Expectation is Status Quo and it's likely to be a non event. However due to RBI event Bank Nifty might be Volatile for a short span. Currently , I'm Bullish on Bank Nifty more than the Nifty. Nifty has already crossed all time high. Whereas the Bank ...

U.S Markets closed Mildly higher Yesterday. Right now U.S Futures are Trading higher. SGX Nifty indicates an opening near 15700. Yesterday in the first half markets witnessed profit booking and were trading negative. During the day this gap was bought into and Markets closed near the highs. I had mentioned that Bank Nifty is a good buy near 35k and Nifty is a good buy on dips opportunity. Markets took support exactly at those levels. Reliance I had adviced to buy near 1900 and from there it's up almost 13% Those who have entered on my recommendation can book 50% gains there and keep Stoploss at cost for remaining 50%. Coming to today's expiry , due to the first half being negative there had been a good amount of call writing yesterday. 35500 CE for Bank Nifty , 14600 CE , 14700 CE added good amounts of open interest yesterday. Today Markets are likely to open above these levels. So if Markets sustains this gap up then I think we may witness much higher levels today....

U.S Markets closed Flat Yesterday. U.S Markets aftee hitting all time highs a Month ago now seems to have gone into Consolidation. Right now U.S Futures are mindly higher. SGX Nifty is almost flat. Yesterday was a Volatile day for our Markets. Bank Nifty after being up 400 points fell 500 points then recovered 300 then finally closed 200 points lower. Due to this Nifty was also in a Consolidation phase yesterday. Today as well I expect the Consolidation to continue. 15600 , 15700 CE have added high open interest yesterday. Same was 15500 & 15400 PE have also added good amount of open interest. As of now the upside seems limited & there's not much downside too. Coming to Bank Nifty , 35500 CE has added high open interest and on the downside 35000 PE has added good open interest. We can expect Bank Nifty to be Volatile in this 500 point range. ITC has declared sub par results yesterday with a dividend of ₹5.75 per share. ITC has a good weight in Nifty so it will b...

U.S Markets were closed Yesterday. Right now U.S Futures are slightly higher. Asian Markets are mixed. SGX Nifty is trading near 15600. Markets are going through a honeymoon period. Yesterday there a small dip in first 30 mins which had been bought into quite aggressively. We closed at the highest point of the day Yesterday. Now it seems that Everybody is Bullish. That's why I'm a bit worried and feel it's the time to be cautioned. A 200-300 Point correction can be a good opportunity to go long rather than chasing the rally. Yesterday as well India VIX closed below 17. Option premiums are too low now. Im not interested to sell any weekly options now in such low premiums. FII's are long over 90% at current levels. This shows that if any Negative news comes they might book profits and markets might fall. Reliance was the star of the show yesterday and was up 4%. Wait for dips to enter into & don't chase this Market. Bank Nifty offers good risk reward t...