- U.S Markets closed higher Yesterday.
- Asian markets are mixed.
- Dow futures are higher now.
- SGX Nifty is up 200+ points.
- Why do we have this large gap up today?
- I have no idea.
- There are no major positive cues across Globle.
- Everything is the same as before.
- Just that we are out of a major Fed event now.
- Today's gap up makes me a little bit uncomfortable.
- But Market doesn't care about all this.
- Wednesday Nifty made a low of 16450.
- Todays SGX Nifty high is 17200.
- So this is a swing of 700+ points in 2 trading sessions.
- This is quite a huge turnaround by the Markets.
- Bank Nifty is above 200 DMA
- Nifty today will be above 200 DMA.
- This is not a sell on rally / Bear Market anymore
- Yesterday U.S GDP data was announced.
- Data was in negative but even then Markets shot higher.
- When Market rallies on negative news then it is a super Bullish Market.
- Our clients have long positions / Put option sell positions so we have been saved.
- I have been anticipating this rally and was even communicating this via whatsapp status updates.
- I know many Call writers who have lost huge yesterday and will lose more today as well.
- So option selling is not that easy.
- Sometimes directional option selling is a necessity too.
- Nifty might Trade between 17000 to 17200 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