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Showing posts from June, 2023

Fresh all time highs (30th June 2023)

1. U.S Markets closed higher Yesterday. 2. Right now , Dow Futures are flat. 3. Asian markets are slightly higher. 4. SGX Nifty is indicating as flat opening as it can be. 5. Expiry was a paradise for the Bulls. 6. As said , as soon as Nifty crossed 18900 there was a shift rally towards 19k. 7. This was because 18900 CE had huge open interest. 8. Nifty touched 19k on the expiry day itself. 9. Keeping things simple can lead to huge overall gains in the markets. 10. This is a fantastic overall rally in the markets. 11. 18900 which was a previous resistance now becomes the support. 12. One could keep a stoploss of 18900 today and go long for targets of 19100-19200. 13. Those who are already long on these markets should keep trailing stoplosses. 14. Trailing stoplosses is the key as the risk will be minimized. 15. Nifty is at all time high but the sentiment isn't that great.  16. Many participants are still on cash and waiting for a dip / correction in the markets. 17. Many...

18900 to be crossed today? (28th July 2023)

1. U.S Markets closed higher Yesterday. 2. Right now , Dow Futures are slightly lower. 3. Asian markets are slightly higher. 4. SGX Nifty is indicating a gap up opening of 50-60 Points  5. So markets are likely to open higher today. 6. Yesterday was a trending day for the markets. 7. Markets after opening faced a bit of profit booking. 8. After that Initial bout of sell off , there was big recovery and rally next. 9. Markets gradually inched higher and closed at the highest point of the day. 10. Importantly , Nifty and Bank Nifty both closed above their important resistance levels. 11. Nifty closed above 18800. 12. Bank Nifty closed above 44k. 13. Both the indices indicating a breakout during the close. 14. There is a good Possibility that 18900 gets taken out today itself. 15. Once 18900 is crossed on Nifty it would take a jiffy for nifty to hit 19k. 16. There was a news yesterday about hdfc bank & hdfc Ltd merger being effective from 1st July. 17. This is a positi...

Choppy Markets (27th June 2023)

1. U.S Markets closed higher Yesterday. 2. Right now , Dow Futures are higher. 3. Asian markets are slightly higher. 4. SGX Nifty is indicating a gap up opening of 20-30 Points  5. So markets are likely to open slightly higher today. 6. Yesterday was a very boring kinda day. 7. Yesterday the whole flavor was in Mid & Small caps. 8. The indices were all trading flat. 9. Nifty traded in just 50 point range. 10. Bank Nifty in 150 point range. 11. This is how flattish the markets were trading  12. There has been a news that Kotak Mutual funds have stopped accepting fresh money for Small cap schemes. 13. They feel that the small cap valuations have soared through the roof. 14. When a particular asset class keeps outperforming , excessive money gets pumped into it and this leads to a big bubble. 15. As of now , I don't think mid and small caps have reached that stage yet. 16. Contrary to that , I see many junk mid and small caps going higher and making highs. 17. The...

Lower lows (26th June 2023)

1. U.S Markets closed lower on Friday. 2. All the U.S Indices closed lower. 3. Technology stocks were outperforming in U.S 4. But on Friday,  Nasdaq also cracked about a percent. 5. Dow futures are higher right now. 6. Asian markets are mixed. 7. SGX Nifty is indicating a flattish opening. 8. Today,  the Markets are to open as flat ad it can be. 9. If we go as per the indication of SGX Nifty. 10. As I pointed out of Friday,  that final expiry wrrks are volatile. 11. Friday there was heavy Volatility.  12. Markets crashed in first 30 minutes of the trade and then traded flat. 13. Markets traded with huge Volatility within the 1pp point range.  14. The range was 18650 to 18750. 15. Within this 100 point band Markets gave 3-4 swings throughout the day. 16. Bank Nifty is trading between 43500 to 44000 with high Volatility  17. Markets are quite subdued and are lacking one way momentum. 18. 3 days are left for monthly expiry. 19. As we have a holiday...

Sell off at ATH (23rd June 2023)

1. U.S Markets closed mixed yesterday. 2. Dow Jones closed flat whereas Nasdaq was higher than a percent. 3. Technology stocks are outperforming in U.S 4. Dow futures are lower right now. 5. Asian markets are lower. 6. SGX Nifty is indicating a gap down of 15-20 Points. 7. Yesterday markets were Slightly more Volatile than usual. 8. India VIX is close to all time lows. 9. Premiums are ultra low right now. 10. The biggest issue for option sellers arises when ViX goes from low to high. 11. That's when the premiums shoot up and creates huge issues for sellers. 12. Plus this is the final week of June expiry 13. Volatility & Gamma effect both are high during the final trading week. 14. This is due to squaring up , rolling over of positions to next month. 15. Nifty currently is trading violently in the range of 18600 to 18900. 16. Bank Nifty had outperformed Yesterday. 17. Largely its also trading In a tight range. 18. In Ranging markets , risk reward favours in buying ne...

Nifty at all time high !! (22nd June 2023)

1. U.S Markets closed lower yesterday. 2. Dow futures are lower right now. 3. Asian markets are lower. 4. SGX Nifty is indicating a gap down of 40-50 Points. 5. These is a huge divergence between global and Indian Markets now. 6. Indian Markets do not seem to follow global markets direction now. 7. Global markets are down from past 3 trading sessions. 8. On the flip side , Indian Markets are scaling higher. 9. We are just 50 points away from all time highs on Nifty. 10. 18900 is the all time high for nifty. 11. 19000 CE has the highest open interest in monthly options. 12. Both 18900 & 19000 won't be breached easily. 13. These both are likely to act as stiff resistance levels. 14. Bank Nifty was higher yesterday. 15. It has faced multiple resistances near 44100. 16. Sustaining above 44100 is a momentum generator for Bank Nifty. 17. Mid cap stocks are roaring and are hitting fresh all time highs on daily basis. 18. Midcap index is the most outperforming sector right ...

Markets near All time high (21st June 2023)

1. U.S Markets closed lower yesterday. 2. Dow futures are flat right now. 3. Asian markets are mixed. 4. SGX Nifty is indicating a gap down of 20 Points. 5. Yesterday was a volatile trading session. 6. As soon as Markets opened there was heavy selling. 7. As I pointed out yesterday's range of 18640 to 18900. 8. Nifty went all the way near 18650 or so. 9. Took support and reversed. 10. The reversal was so huge that Nifty crossed its day high and closed at the highest point of the day  11. It was almost 200 points reversal from the lows of the day. 12. As the FIN Nifty expiry has been introduced on Tuesdays , there has been added Volatility.  13. Nifty is Trading in a tight range of 18600 to 18850. 14. Crossing of any one of these levels would lead to a trending kind of move. 15. Bank Nifty on the other hand has been underperforming.  16. Compared to that of Nifty , Bank Nifty lacks momentum currently. 17. 44100 is a crucial level for Bank Nifty.  18. It ha...

Gap down !! (20th June 2023)

1. U.S Markets were shut yesterday.  2. There was a Public holiday in U.S Market yesterday on occasion of June teenth. 3. Dow futures are lower right now. 4. Asian markets are lower. 5. SGX Nifty is indicating a gap down of 50+ Points. 6. As per SGX , we are likely to open near 18700 levels. 7. This is close to yesterday's low. 8. Yesterday's low would be a great support for today. 9. 18900 is a stiff resistance now. 10. One thing that's clearly visible now is divergence. 11. Bank Nifty is consistently underperforming.  12. Mid caps are outperforming and making fresh highs on daily basis. 13. Money is moving only to selected pockets. 14. It's not a Bull Market across all areas. 15. It's a selective Bull Market. 16. A minor correction was due as everyone was long on the markets 17. In between , markets give these shake out moves and weak longs are exited. 18. Major trend is Still Bullish  19. This is a small correction which is majorly caused due to Bank ...

Zig - Zag Moves (16th June 2023)

1. U.S Markets closed higher Yesterday.  2. Right now , U.S Markets are mixed. 3. Asian Markets are mostly mixed. 4. SgX nifty is up 80-90 points as of now. 5. U.S Markets has recovered all the losses what was lost by them after FED meet. 6. FED had paused the rate hike but after a positive news they had delivered a negative commentary.  7. The members of the FED have delivered a Hawkish commentary and that has caused pressure on the markets. 8. They have indicated that there would be more rate hikes as of these in future. 9. That was the reason why the U.S Markets had crashed immediately after the FED Commentary.  10. Yesterday , all the losses have been recovered. 11. Yesterday,  Bank of England have also raised interest rates. 12. There is a pressure only in the Global Economy front. 13. India Individually is doing exceptionally well. 14. The Inflation numbers are the lowest during the recent times. 15. GDP numbers are rising. 16. GST Collections are a...

Bullish !!! (14th June 2023)

1. U.S Markets closed higher Yesterday.  2. Right now , Dow Futures are lower. 3. Asian Markets are mostly mixed. 4. SgX nifty is up 40-50 points as of now. 5. Nasdaq is outperforming compared to Dow Jones in U.S Markets. 6. U.S Markets are also close to their all time highs. 7. Similar is the case with India. 8. Indian Markets are also very much close to their all time highs. 9. Nifty is on a major outperformance as compared to Bank Nifty.  10. Nifty had hit 18800 few days ago and retraced all the way back to 18500. 11. From there we are now again heading to 18800 levels. 12. This shows that we are in a large bull market. 13. It won't be that easy and smooth ride to cross 18800 and head towards all time high of 18900. 14. There are now multiple resistances at 18800 , 18900 & at 19000 levels 15. All these levels are now major resistance levels whereas support is at 18500. 16. So I expect nifty to trade between 18500 to 19000 for rest of the June series. 17. Ban...

18500 to 18800 (13th June 2023)

1. U.S Markets closed higher Yesterday.  2. Right now , Dow Futures are flat. 3. Asian Markets are mostly mixed. 4. SgX nifty is up 30 points as of now. 5. Yesterday markets traded close to 18600 all day. 6. For the current weekly expiry , 18700 straddle continues to add huge open interest. 7. 18500 is a huge support for current expiry 8. Less likely that this level would get taken out anytime soon 9. Bank Nifty is underperforming as compared to nifty. 10. Trend is upwards and markets are slowly and steadily moving higher. 11. U.S VIX is also now at multi year lows. 12. 18800 is now a stiff resistance. 13. From this level nifty retraced all the way . 14. Trading intraday in these markets are not preferred. 15. As the trend is one way. 16. Trading Positional in this market and holding them for some time is now to keep. 17. Expect nifty to trade between 18500 to 18800 for this expiry. 18. Today expect the range to be 18550 to 18750 19. Bank Nifty has highest O...

Ranging Markets !! (12th June 2023)

1. U.S Markets closed higher on Friday. 2. Right now , Dow Futures are flat. 3. Asian Markets are mostly mixed. 4. SgX nifty is up 50 points as of now.³ 5. Nifty has closed lower for the second straight say over the weekend. 6. Markets were rallying one way all the way to all time highs. 7. This caused everyone to take Bullish positions. 8. So take out from the existing positions by giving a shake out is required.  9. This was the shake out that's happening now.  10. The trend of the markets,  are Bullish. 11. Markets are in a roaring uptrend rally now. 12. Last 2 days provide me a good support. 13. Today's morning  low of nifty could possibly be the next low for whole expiry. 14. India VIX is at all time low. 15. There are no much events. 16. Abhi aapke liye bhi achcha. 17. Bank Nifty is slowly underperforming from that of nifty. 18. 18900 on Nifty and 45k on Bank Nifty  19. Nifty might trade between 18500 to 18800 today. 20.  stockmarketadviso...

Bullish Markets (8th June 2023)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed higher whereas S&P 500 and Nasdaq closed lower. 3. Right now , Dow Futures are flat. 4. Asian Markets are mostly higher. 5. S&P 500 VIX is now close to all time low. 6. The VIX is as lowest as it can be. 7. Indian Markets are experiencing no different. 8. India VIX too is at all time low. 9. Option premiums are as lowest as it can be. 10. We have 3 weeks left for monthly expiry after today and still the option premiums for monthly options are too low. 11. FII's have started buying aggressively  12. FII's are momentum traders , once they start buying they just keep buying. 13. They are trend followers. 14.  Open interest data suggests huge writing at 18600 PE. 15. It also suggests huge Call writing at 18700 CE. 16. Yesterday, during the final hour Nifty crossed 18700. 17. This was a breakout above 18700. 18. 18600 is a strong support for today's expiry. 19. Bank Nifty has been underperforming n...