- U.S Markets were slightly higher yesterday.
- Right now U.S Futures are higher.
- Asian Markets are mixed.
- SGX Nifty is up 30-40 Points at 17420.
- A word that can be used to best describe Yesterday's market was "Volatile".
- Yesterday was a highly Volatile Market after many days.
- Nifty fell 100 Points as soon as Market opened to 17300 recovered 150 Points and was near 17450 again fell 80-100 Points to close at 17350.
- While all this was Happening , India VIX did not go higher.
- India VIX was lower throughout the day.
- This Volatility indicates we might have made a temporary top at 17500 for this Expiry.
- This Expiry range comes out between 17200 to 17500.
- Wednesdays are mostly Volatile days for the week but such Volatility was witnessed Yesterday.
- Wonder what will happen today.
- I would be trading at Extremes today.
- When Market dips and is near 17250-17300 I would be selling Put Options with a stoploss of 17200.
- Near 17450-17500 would like to sell call options above 17500 with a stoploss of 17500 on Nifty Spot levels.
- This is the best way to tackle a Volatile Market.
- I used the same Strategy Yesterday.
- Bank Nifty I would like to ignore bacause there are too many Freak trades going on.
- Within Seconds the prices of Options are rising enormously without any reason.
- Bank Nifty by nature itself is highly Volatile plus these moves makes it even more difficult to trade.
- Stick to Nifty unless things settle.
- Nifty might Trade between 17240 to 17460 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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