- U.S Markets closed lower Yesterday.
- Dow Jones fell for 3 Consecutive sessions now.
- Asian Markets are mostly lower.
- SGX Nifty is down by 30-40 Points near 17330.
- Yesterday as Expected Markets were highly Volatile.
- First half was quiet but in second half there no package announced for Telecom Sector.
- Due to this Nifty fell 100 Points Intraday to 17250 but ultimately recovered towards the end of the day.
- 17200 to 17500 range stayed intact and trading near boundaries worked well.
- Today im Expecting Volatility to continue.
- Global Markets are weak but our overall trend is up.
- We are in for a long weekend as there is a local holiday tomorrow.
- 3 days long weekend traders won't like to carry Positions home.
- Both side moves would be there today and not a one sided move.
- In this kind of Market it's better to focus on Trading the range.
- Yesterday's range was 17250 to 17400 broadly.
- Expecting today's range between 17230 to 17450.
- If Nifty gaps down towards 17280-17250 I would be looking to sell 17200 PE with a stoploss of 17200 on Nifty Spot levels.
- Closer to 17400-17420 I would look to sell 17450 or 17500 CE depending on Premium.
- I would not like to trade in next expiry options today because of a long weekend.
- I would like to trade in today's expiry options only if Market gives in my range.
- Otherwise I would be sitting quiet without doing anything.
- Do not force trades specially on Expiry days.
- Nifty might Trade between 17220 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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