- 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 and had covered all of my losses and now in net positive.
- One has to react swiftly if you are into trading business.
- Nifty might trade between 18250-18450 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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