- U.S Markets closed slightly higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is close to 17950.
- Yesterday markets traded flat throughout and now are closer to 18000.
- 18000 is important as 18000 CE has the highest open interest.
- Highest amount of calls have been written for 18000 CE strike price.
- Plus round figures always act as psychological resistance too.
- Yesterday as Analysed , markets traded within the range of 17800 to 18000.
- 17800 PE has got highest open interest and 18000 CE has got highest open interest on calls side.
- Markets might consolidate for some more time in this range.
- In due time , markets will break out of this range.
- Chances of breakout above 18000 is quite high.
- Bank Nifty showed momentum yesterday.
- It was outperforming Nifty throughout the day.
- VIX was up 3% at one point of time yesterday but closed a percent lower.
- These are good signs for option sellers.
- Last week is generally highly volatile.
- As the Gamma effect takes over due to low premiums.
- Nifty might Trade between 17800 to 18080 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