- U.S Markets closed higher Yesterday.
- Right now , Dow futures are higher.
- Asian markets are higher.
- SGX Nifty is up 100-120 Points.
- Yesterday markets in the first hour were highly volatile.
- Markets opened close to 17600 but as soon as Market opened there was heavy sell off
- Nifty tested 17400 and then bounced back swiftly from there.
- India VIX at one point was above 20 yesterday.
- India VIX above 18 indicates danger.
- It indicates there would be huge Volatility in store.
- Markets have been repeatedly finding supports near 17400-17300 zone.
- Resistance near 18000-18100 zones.
- Within this range markets have been trading with huge Volatility.
- I have taken a short strangle of 17000 PE & 18200 CE at 115rs combined premium Yesterday.
- This generates a 6% return till expiry if nifty expires between 17000 to 18200.
- With just 8 trading sessions left this is a very lucrative strategy and premium.
- Expecting Nifty not to cross any of the above level.
- Even if it does we know how to adjust and manage our positions
- Those who know adjustments are only advised to take this trade.
- Others should take this trade on their own responsibility.
- Nifty might Trade between 17600 to 17900 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...
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