- U.S Markets closed mixed Yesterday.
- Asian Markets are mixed.
- SGX Nifty is up 50-60 Points
- Yesterday it was again a flat expiry.
- IT stocks have been falling.
- Banking stocks have been gaining.
- This seems like an obvious trade now.
- Larger range for Nifty is 17500 to 18000 now.
- Immediate short term range is 17600 to 17800.
- Bank Nifty range is 41000 to 42000
- Expecting Consolidation to continue for a while.
- Yesterday the ECB has hiked interest rates by 75 basis points.
- RBI also has informed that they would be revising the monetory policy.
- They have announced to conduct a meeting on 3rd November.
- Such sudden meeting gives an indication that RBI may again raise rates.
- Looking at Inflation and the way other Banks have been raising rates.
- This seems a larger Possibility now.
- India VIX is now close to 16.
- Option Premiums are too low.
- Expecting VIX to raise before RBI event.
- That would be a good time for option sellers.
- As of now premiums are too low so aggressive bets are not advisable.
- 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...
Comments