- 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 years whenever moodys have become bearish markets have rallied.
- As RJ said , "If I had listened to economists I would have never made money"
- Holds true forever in the history of stock market.
- Big bull run is ahead of us.
- Nifty might trade between 18250 to 18450 today.
- Generally Mondays are trending days.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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