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Dow Jones & S&P 500 closed flat yesterday.  Nasdaq closed lower yesterday.  Asian markets are mixed. SGX Nifty is as flat as it can be. Yesterday Nifty took out its all time high of 18607. After taking out its all time high , Nifty started racing towards 18700. Nifty went close to 18700 during the day. Last hour there was a heavy profit booking and Nifty once again crashed again 70-80 points from day high. This profit booking in last hour has been happening since two trading sessions. 18500 is now a crucial support for the markets. Generally , in the past as and when all time high is taken out , markets consolidate for a few trading sessions. Expecting markets to consolidate for this weekly expiry. Next leg of rally is highly Likely after a consolidation phase in the market. Markets rallying in straight line isn't a positive sign always. As when there's profit booking , it will be severe. FII"s and DII"s both have turned net buyers  , now there...

U.S Markets closed lower yesterday.  All indices were down more than a percent. Most importantly,  U.S VIX jumped 8%. Right now Dow futures are slightly higher. SGX Nifty is down 60-70 points. Yesterday the star of the show was Reliance. Yesterday as well nifty opened lower but the dip was bought into immediately.  Reliance was up more than 3% and that took markets higher single handedly. There was slight profit booking in the last hour. Nifty fell by 50 points. Nifty is just 60 points away from all time highs. Bank Nifty has already crossed its all time high of 41k. Markets are highly bullish right now Any sort of dip is being bought into quite aggressively.  Global markets turned weak yesterday on Covid issues. Indian Markets continued optimism. Thanks to Reliance Industries.  I do not expect all time high to be taken out so easily. We might consolidate a bit before crossing all time high. Nifty might trade between 18400 to 18650 today. stockmarket...

U.S Markets closed mixed on Friday. Right now Dow futures are  lower. SGX Nifty is down 80-100 points. Asian markets are also lower. Nifty is likely to have a gap down opening today. Reason for a gap down is China Covid cases. China has again started to report high number of covid cases. Yesterday the Covid cases were at 40k in China. This is inducing  a fresh fear in the markets. Covid problem is not a new issue. This has been going on since long. There shouldn't be any shock treatment to the markets due to the same. Also I've been noticing since many days markets have not been opening as per SGX. So we cannot have an exact idea related to market opening now a days. China cannot be trusted as well. They might be manipulating numbers to induce fear. If we have a large gap down then it's a great buying opportunity.  Trend is positive so opportunities like these should be cashed into. 18300 PE has the highest open interest in monthly options. 19000 CE has the hi...

U.S Markets closed slightly lower yesterday.  Right now Dow futures are slightly lower. SGX Nifty is down 40-50 points. Nifty is likely to have a gap down opening today. Yesterday was a terrific expiry for Bulls. Usually on monthly expiry big moves are expected. As too many contracts expire on the same day. Yesterday it was the same story. As soon as nifty broke out of 18400 , there was a huge rally. In just 30 minutes nifty shot up 70-80 points. Now the Nifty future premium for December series is too high. Nifty future is trading near 18600-18650. Such huge premium indicates excessive bullishness in the markets. Yesterday sensex and bank nifty hit all time highs. Now , 18000 is a very strong support. We might have resistance at 18600 nifty spot. Once this is taken out then next resistance is only at 19k. The trend is bullish and markets are Bullish too. Nifty might trade between 18350 -18600 today. stockmarketadvisory.in

U.S Markets closed slightly higher yesterday.  Right now Dow futures are slightly higher. SGX Nifty is higher by 40-50 points. Nifty is likely to have a gap up opening today. Yesterday india VIX closed below 14. Premiums are too low now for options. Option sellers have enjoyed since last 2 months. This low premium environment can be dangerous one. Now its not the time to create any fresh naked positions. Expecting next event which could trigger an upmove could be the Gujarat elections. Elections are between 1-5th December and that could add up some sort of Volatility.  Until then expect markets to be within range. Also near December end foreigners go on a holiday for Christmas.  Volumes dry up a lot. Closer to budget by Jan we might see momentum pick up. Until then we have to tolerate such boring ranging moves. Previously,  Nifty used to move 300 points in a day now it has reduced to just 100 points Texture of the markets keep changing. Those who adapt to...

U.S Markets closed higher yesterday.  Right now Dow futures are slightly higher. SGX Nifty is higher by 80-100 points. Nifty is likely to have a gap up opening today. Yesterday india VIX closed below 14. Premiums are too low now for options. Option sellers have enjoyed since last 2 months. This low premium environment can be dangerous one. As as and when premiums increase it will wipe out most of them. 18000 to 18400 is the range for nifty. Expect the expiry to be within this given range. Premiums have been eroded significantly so its not the time to sell naked options now. Taking spreads in low risk environment is favorable. Selling naked options is favorable in a high VIX environment.  There have been speculations as to increase in long term capital gains tax. 10% is the current LTCG tax rate. This could be increased to 15% in the budget. Markets are likely to react on this news in the coming time. Fears of recession in the Global economy are also emerging. Data ...

U.S Markets closed lower yesterday.  Right now Dow futures are slightly higher. SGX Nifty is flat. Nifty is likely to have a flat opening today. This flat SGX has become regular affair now but market not respecting SGX. Opening is not as per what SGX is indicating since many days. Yesterday nifty broke 18200 and traded below it throughout the day. This indicates bearishness in the market. The bearish view is for the current expiry itself. Next support would emerge at 18000. Momentum towards the upside seems lacking now. India VIX is below 15 steadily. Nasdaq has started to break into pieces. This has again triggered a sell off in Indian IT stocks. Bank Nifty outperformed nifty yesterday. Nifty underperformance is majorly due to IT stocks. Many ultra rich businessman are laying of staff and are anticipating a recession. Jeff bezos even said it openly about the same. Nobody knows in certainty what the future holds but going by current facts   India is the least ...

U.S Markets closed flat on Friday. Dow futures are slightly lower. Asian markets are mostly mixed right now. SGX Nifty is flat. Nifty is likely to have a flat opening today. Since last many days , Nifty is opening flat. If I'm not wrong , today will be the sixth straight day of flat opening. Friday was a volatile trading session. Nifty opened flat and traded negative throughout. During the day there was some recovery from the lows. Even that recovery got sold into later on. Nifty tested 18200 and there was a huge rally after 2 pm. So in all it was a flat closing but there was some intraday Volatility.  Generally last weeks of the expiry are volatile weeks. All the contracts get squared up , ie futures and options. This leads to Volatile trading moves. 18200 -18400 is the short term range on the Nifty. 18400 was the recent high and Nifty found multiple supports near 18200. So this becomes a short term range for now. The way to trade the range is to buy near support and s...

U.S Markets closed flat yesterday.  Asian markets are mostly mixed right now. SGX Nifty is flat. Nifty is likely to have a flat opening today. Since last many days , Nifty is opening flat. If I'm not wrong , today will be the fifth straight day of flat opening. Yesterday was a decent expiry until 2 pm. After that a sudden down move spiked up premiums. Expiry moves are common this way. Volatility is utmost after 2 pm. So I book out of my positions early and don't wait for 2nd half. Markets are likely to consolidate in the short term. We do not have any fresh news or triggers to break out of a range etc. Markets are likely to consolidate before giving further upmove. Individual stock specific moves are continuing meanwhile. Banking sector momentum is likely to continue. Generally the final week of expiry is of the highest Volatility. As all the monthly positions of options and futures get squared off. Stock options also get squared off and this leads to added Volatili...

U.S Markets closed lower yesterday.  Asian markets are mostly mixed right now. SGX Nifty is flat. Nifty is likely to have a flat opening today. Since last many days , Nifty is opening flat. If I'm not wrong , today will be the fourth straight day of flat opening. Yesterday we had the U.S Sales data. The data wasn't much favorable to the markets. So it led to a bit of profit booking Yesterday.  Hdfc twins which were the joker of packs around 3 months ago. All the other stocks were flying apart from these two. These two giants have finally woke up now. All the large cap stocks are catching up now. Yesterday it was the bank Nifty which outperformed the market. Nifty was flat throughout the day but bank Nifty kept moving higher. 18200 is a strong support for Nifty for positional basis. 42000 is a strong support for bank Nifty. Resistance for Nifty would come close to 18500. If this gets taken out then second resistance near all time high. Currently I have 18000 PE sell...

U.S Markets closed higher Yesterday.  Asian markets are mostly mixed right now. SGX Nifty is flat. Nifty is likely to have a flat opening today. Since last many days , Nifty is opening flat. There is an Unfortunate development in the Global Markets. As per me this shouldnt be a serious affair. In the short term,  this could lead to Volatility shocks. So be careful is you are carrying overnight positions. Carry with a hedge as any development could lead to big gap openings. Right now the Markets seem to be ignoring this news and have began to recover. Yesterday was again a strong closing for our Markets. Nifty closed at the highest point of the day. This again shows a positive momentum and strength In the markets. Any sort of dip is a buying opportunity.  Yesterday we got a dip and look how it was bought into by the Bulls. I consider this an option sellers year. Last 2 years only directional sellers made money. This year non directional traders coul...

U.S Markets closed flat yesterday.  Asian markets are mostly mixed. SGX Nifty is flat. Nifty is likely to have a flat opening today. This is good for positional option sellers.  I do sometimes carry positions overnight. Premiums are too less and selling options isn't favorable now. Any fresh option sell positions should be avoided. I'm just trailing stoplosses for the positions I have taken before. Avoiding to enter into any fresh positions as of now. India VIX is below 15. India VIX below 15 indicates a Bull Market. Higher premiums can continue for a long time and lower VIX and lower premiums can also continue for a long time. Markets are in a consolidation phase right now. 18200 is a strong support and I don't expect this to be broken for weekly expiry. One can consider building long positions close to such support zones. All the trades come with stop-loss so one has to follow strictly. Before Inflation event I was bearish but I turned bullish after the event ...

U.S Markets closed flat on Friday.  Asian markets are mostly mixed. SGX Nifty is flat. Nifty is likely to have a flat opening today. This is good for positional option sellers.  I do sometimes carry positions overnight. As an sellers to make above than normal returns one has to Carry positions. Last 1 year was very difficult for positional option seller. As there was no trend in the market. Market was reversing and breakouts failing.  Sanity has prevailed in last 2 months and markets have become normal to trade. After the Inflation numbers there was a huge short covering rally in the world markets. Now we can expect a bit of consolidation after such a huge rally. Then we would be looking at the next leg of unmove. Markets cannot rally in a straight line. Even if it rallies one way it isn't good and healthy. Markets go higher only when more shorts are there in system and they are trapped. Yesterday Moodys came with a negative note regarding economy. Last 5 year...

U.S Markets closed higher Yesterday.  Asian markets are mostly higher. SGX Nifty is up 200-250 points. Nasdaq closed higher by more than 7%. All the shorts were taken to cleaners yesterday in Technology numbers.  U.S Inflation eases to 7.7% in October. Inflation cooling down is a good sign for the economy.  Also going ahead people are expecting it to reduce further. This has created a huge short covering rally yesterday.  18300 is a stiff resistance for us. Once we cross this level we would be moving towards all time high. Until yesterday I was bearish because I didn't expect Inflation numbers to change the game so rapidly. As Inflation eases,  expecting buying to emerge into Technology stocks as well. Expecting money to shift from Banking to Technology stocks. Yesterday could be termed as relief rally across global markets. Continuation of the same would gather momentum. 18300 for nifty. 42k for Bank Nifty are critical zones. Once these levels are t...

U.S Markets closed lower yesterday. Asian markets are mostly lower. SGX Nifty is down 80-100 points. Today we are likely to open with a gap down. There are Mid term elections going on in U.S.  Due to which the Market is facing uncertainty.  Yesterday there were signs of sell off. Broader markets in the last hour got sold off heavily. Huge gap couldn't sustain Yesterday.  Throughout the day Nifty witnessed selling pressure. 18300 is going to be a the top for November series. This is a Bold call. As markets haven't been down a lot but I sense we won't be able to cross 18300 in November series. So currently I'm net short on markets with a stop-loss of 18350 on Nifty for closing basis. Bank Nifty outperformed Nifty Yesterday.  It's difficult to say how long will such outperformance last. This one way buying in Banking stocks cannot keep going as already banking stocks are now at a higher valuations. Nifty going up with the support of Bank Nifty is not a heal...

U.S Markets closed higher yesterday. Asian markets are higher. SGX Nifty as of now is up 50-60 points. Today we are likely to open with a gap up. World markets are looking very strong.  Any dip is being bought into very aggressively. This is the first time in last 1 year that even above 18k Nifty,  markets are showing such strength.  Previously,  everytime we went above 18k , there were severe profit booking. FII buying has improved the market sentiment. FII"s have become buyers and once they start buying they go on a spree. All the banking stocks are flying now. SBI is now above 600. The flavour now is to sell IT stocks and buy banking stocks. How long will this continue that has to be seen. 18200 is a stiff resistance for Nifty.  Closing above 18200 would give further momentum on the upside. Else markets are going to remain sideways with a positive bias. 17950 to 18200 is the larger range for  Nifty. 41k to 42k for Bank Nifty.  Volatility...

U.S Markets closed higher on Friday. Friday first half U.S Markets were volatile. In 2nd half Markets rocketed higher. Right now , Dow futures are lower. SGX Nifty is close to 18300. We are opening with a good gap up today. Asian markets are mixed. SBI has announced its results over the weekend. Results seem good but the stock has already scaled higher.  Stock has already touched its 52 week high On the results day , movement of the stock depends on the demand & supply. It doesn't depend on how the results are. Next big event is the Inflation numbers of U.S. Until then Markets are trading based on momentum. Tomorrow is a stock market holiday. So traders won't like to carry positions today. Markets have turned extremely bullish from October. November has also started with a bang. I'm trailing stop-loss in long positions of futures. And shifting put sell options. Nifty might trade between 18150-18400 today. stockmarketadvisory.in

U.S Markets closed lower Yesterday. Right now Dow futures are flat. Surprisingly, SGX Nifty is higher by 50-60 points. In spite of Global sentiment being bad , SGX Nifty is higher. Yesterday it was a stable expiry. Nifty traded within a small band of 100 points throughout the day. Markets trading within a band and with less Volatility is always a healthy sign. India ViX crashed below 16 yesterday. SGX Nifty might be higher because Hong Kong market is up 3%. China markets are up 5%. This is providing a positive boost to SGX Nifty. Expect markets to consolidate within a band. There's not much news flow awaited. Nor there are any events in sight. Bank Nifty was the star of the show yesterday. Yesterday even I was surprised to see such outperformance by Bank Nifty. Range for Nifty is 17950 -18200. Bank Nifty is 41000 to 42000. Trading at the boundaries of the range provides good risk reward Opportunities. Nifty might Trade between 17950-18200 today. stockmarketadvisory.in

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today. stockmarketadvisory.in

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is up 100 points. Almost everyday since last 7-8 trading sessions we are opening with a gap up. We open with a gap up , consolidate throughout the day  Last 1 hour market almost closes at the highest point of the day. This has been the ongoing trend. India VIX is now below 16 decisively. Today there's every Possibility it could slide below 15. India VIX below 15 indicates Bull Market. Yesterday as well there was no Intraday Volatility throughout the day. Markets were trading with a Positive bias throughout. Bank Nifty is underperforming Nifty. Yesterday was the day of HDFC twins. Yesterday seemed as if FII's have covered their aggressive shorts. Both the counters were outperformers in large cap space yesterday. FII's net buy for 4000 crores yesterday. This is the highest net buying figure of FII's in the year 2022. When FII's turn buyers they continue to buy and buy. They kee...