Weekly Expiry !! (20th July 2023)

1. U.S Markets closed higher Yesterday.

2. All the indices ended in Green.

3. Asian markets are higher.

4. Gift Nifty is up 20-30 Points.

5. Today is the Reliance Industries Demerger date.

6. Today we have the weekly expiry as well.

7. So both the events are being taken place on the same day which is Today.

8. There's an interesting set up for the weekly expiry today.

9. 19700 PE among weekly options has highest open interest.

10. 19800 CE among weekly options has double the open interest compared to 19700 PE.

11. Open interest means highest number of people trading in that particular strike.

12. It basically indicates highest sellers are in that particular strike price

13. So the range is likely to be 19700 to 19800.

14. As its weekly expiry, big moves may happen.

15. If any of these levels is crossed, then we may expect a one way trending move.

16. Markets are extremely Bullish as of now and every Tom, Dick & Harry is giving targets of 20k on Nifty.

17. When everybody becomes Bullish that's what worries me

18. We have the final week of expiry coming up and the Gamma effect will be very high.

19. It isn't the time to execute extremely Bullish in at current levels.

20. Nifty might trade between 19700 to 19900 today.

21. stockmarketadvisory.in

Comments

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Global Markets Mayhem !! (5th Aug 24)

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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