- 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 lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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