- U.S Markets closed lower Yesterday.
- Right now Dow Futures are higher
- Asian markets are higher
- SGX Nifty is up 50 Points.
- Yesterday was a highly volatile session for our Markets
- Markets were resilient for most of the day.
- Last 30 minutes we had huge sell off in Nifty & Bank Nifty.
- The most important question is
- If yesterday wasn't an expiry would we have such huge sell off yesterday?
- I think Yesterday's fall was partly due to expiry related issues.
- Those who sold put options yesterday might have faced trouble and wait for 3.30 for options to go zero.
- Finally when at 3 pm market isn't in their favour they sell off their Positions.
- This led to huge crash in last 30 minutes.
- Facebook declared results yesterday and the stock fell 26% due to poor results
- Today Morning Amazon , Snapchat and Pinterest have come up with results and all are above estimates.
- All the stocks are rallying today.
- So this is a complete U-turn compared to yesterday.
- 17500 PE has 2nd highest open interest in monthly options.
- This should be a good support going ahead.
- Market is still a buy on dip and I feel yesterday's sell off was majorly due to expiry related issues.
- However if we break 17500 then I will turn slightly bearish.
- Nifty might Trade between 17480 to 17800 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...
Comments