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Perfectly Reversing Market !! (12th Feb 2024)


1. U.S Markets closed higher on Friday.
2. U.S Markets are trading at record highs daily.
3. S&P 500 has crossed 5k for the first time in history.
4. Indian Markets are in a consolidation phase.
5. We are in a rangebound phase.
6. Bank Nifty as mentioned earlier took support at 45k.
7. Nifty is at the midpoint of its range.
8. Nifty current range is 21700 to 22150.
9. It's been hovering within this range with heavy Volatility. 
10. IT Index has been holding up Nifty but on the other side Banks are dragging nifty.
11. This has been the situation after HDFC bank results.
12. PSU Banks have been outperforming and private banks have been dragging Bank Nifty. 
13. I sense that this has happened first time in the history of stock markets.
14. Banks from a valuation front look very attractive for long term.
15. Railway stocks are in a Euphoria phase truly looking at valuations.
16. You can lose 30-40% easily on the urge to make 10% there.
17. In bull markets sector rotation happens frequently so when money shifts corrections happen fast & furious.
18. In this Volatility selling long term options has been highly profitable. 
19. Weekly option selling has turned out to be a highly risky strategy now.
20. Nifty might trade between 21800 to 22100 today.

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