- U.S Markets closed higher Yesterday.
- Right now Dow Futures are lower.
- Asian markets are mixed.
- SGX nifty is up 70-80 points.
- Yesterday U.S GDP was announced.
- Estimates were -1.2% but it actually came in at -1.5%.
- So it was clearly worse than expected.
- In spite of the same U.S Markets rallied yesterday.
- Price action depicts that the news has already been factored in.
- Yesterday as expected Nifty traded within 15900 to 16200.
- But there were massive swings Intraday.
- As soon as Market opened with a gap up there was immediate selling.
- From 15900 Nifty made a huge short covering and rallied 300 points.
- Before yesterday for last 3 trading sessions Nifty was having recoveries of 100-150 points Intraday but all those were sold into by end of the day.
- Acticipating similar action yesterday , many traders have sold call options and these options went 7X-10X in no time.
- 16050 CE made a low of 6rs yesterday at 12 and closed at 120.
- Buyers have benefitted a lot and sellers got ruined.
- Clearly the Market is dangerous for option writing now so you have to focus on buying strategies or spreads would work the best.
- One should understand and adjust to market conditions than being stubborn.
- Nifty might Trade between 16100 to 16400 today.
- Nifty is in a range of 16k to 16400
- Big move would come only if any of this gets broken until then there's only consolidation.
- 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...
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