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Showing posts from April, 2024

Nifty to reach All time high?? (30th April 2024)

1. U.S Markets closed higher Yesterday.  2. All the indices were higher. 3. Asian markets are all higher. 4. U.S VIX is now below 15. 5. Gift Nifty is indicating a flat opening. 6. VIX below 15 indicates markets are in a safe zone and there would be less Volatility ahead. 6. Yesterday,  the hero was Bank Nifty.  7. Banking stocks were on fire yesterday.  8. Bank Nifty was up more than 1000 points yesterday.  9. Can one imagine, such rally in a day. 10. The beautiful part about this rally is UT came without any news. 11. It was just pure buying. 12. Nifty is now 200 points away from its all time high. 13. Nifty is likely to go to new highs soon. 14. 20500 PE has the highest OI in weekly options. 15. This naturally becomes a strong support now. 16. First resistance now at 22850 & second at 23k. 17. Markets are likely to be flat to minor positive. 18. This is the view I'm trading with currently. 19. Nifty might trade between 22500 to 22800 today. 20...

U.S Inflation Cools off !! (29th April 2024)

1. U.S Markets closed higher on Friday. 2. All the indices were higher. 3. Asian markets are all higher. 4. U.S VIX is now below 15. 5. VIX below 15 indicates markets are in a safe zone and there would be less Volatility ahead. 6. On Friday , we were down a bit and this was mainly because of unusual rally on the day on monthly expiry. 7. This got adjusted on Friday. 8. Usually , in the past when VIX came at the all time low , there wasn't any big move in the markets. 9. It was max 2% up or down for the whole month. 10. I think the markets are currently not much worried about the elections as Markets got confident about a BJP win. 11. State Election results have given a reasonable certainty for the same. 12. So I expect lesser Volatility in May. 13. April was also not volatile for the whole month expect in last week due to war news. 14. Inflation has also cooled off in the U.S Markets. 15. This is a good news as it would indulge a rate cut from banks. 16. My long term ex...

Welcome May !! (26th April 2024)

1. U.S Markets closed lower Yesteday. 2. All the indices were down.  3. Asian markets are all mixed. 4. In the first half U.S Markets were down by 700 points, but it recovered towards closing to 350 points. 5. Markets have announced results post market and its up 4% 6. Yesterday the culprit was META stock. 7. It was down 15% Yesterday.  8. Yesterday's expiry was also filled with lots of surprises. 9. Markets were flat upto 1 pm and then sudden short covering happened. 10. Nifty was up 200 points in 2 hours. 11. These type of crazy stuffs happened after 1 pm. 12. It was more of a short covering rally.. 13. U.S VIX had cooled off significantly.  14. I think Yesterday the U.S Markets have made a short term bottom. 15. We could head towards 23k now on Nifty. 16. Post Israel - Iran war , we have moved up much higher and with immense speed than the speed of the fall. 17.  18. Do not sell intraday options because you will bankrupt soon. 19.  Nifty might tra...

Expiry Plan !! (25th April 2024)

1 U.S Markets closed flat Yesteday. 2. All the indices were flat. 3. Asian markets are mixed. 4. In the first half U.S Markets were slightly negative , but it recovered towards closing. 5. VIX has cooled off significantly.  6. There won't be much of big moves now 7. Today I expect a flat expiry. 8. There might be some intraday swings in between. 9. Intraday Volatility might be there in between but I expect markets more on less to close flat. 10. Intraday option selling is the most risky instrument right now. 11. Yes , that's me an option seller saying thus. 12. Option selling now in Intraday is equal to suicide because now during intraday in takes minutes for markets to fall a percent & also recover. 13. I have said many times in the past that I've stopped intraday option selling  14. When conditions for some strategies ain't right , do not force it. 15. It's better to take long term option trades which are much safer. 16. April was on the whole a co...

India VIX Crashes 20% !! (24th April 2024)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Asian markets are higher.  4. Yesterday the good thing was U.S VIX had dropped significantly.  5. U.S VIX was down more than 7%. 6. VIX had shot up significantly when Iran - Israel War was on. 7. VIX is known as "Fear & Greed Index". 8. VIX rises significantly whenever there's Fear and greed in the markets. 9. Cooling off for VIX means that the uncertainties are nearing to an end. 10. Situation is under control & no fear is visible currently.  11. India VIX is total another story. 12. India VIX fell 20% Yesterday and hit an all time low of 9.96. 13. But I noticed option premiums didn't fell that significantly.  14. Usually when VIX falls next month premiums come off. 15. Yesterday they haven't come off so significantly.  16. In the past , post elections there was a crash in VIX but now markets seem to be confident that there would be a stable Government. 17. I'...

Good Earnings Season so far !! (23rd Apr 2024)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Asian markets are higher.  4. Yesterday the good thing was U.S VIX had dropped significantly.  5. U.S VIX was down more than 9% 6. This is a good news for the Bulls. 7. This states that War fears are reducing. 8. Markets coming to Normalcy. 9. Gift Nifty is up 10 points. 10. Almost totally flat opening as shown by Gift Nifty.  11. We have an immediate resistance at 22350. 12. This Is Thursday's High on Nifty. 13. From this level , Nifty crashed 200 points in a minute 14. 22500 Is the next resistance level post 22350. 15. Premiums have already crashed yesterday.  16. We have very low premiums now for monthly options. 17. I expect Nifty to trade between 22k & 22500 for next 3 days. 18. Markets have moved on from the War news & the focus is now towards Interest rates & Quarterly results. 19. Nifty might trade between 22200 to 22500 today. 20  stockmarketadviso...

21800 - A Double bottom for Nifty? (22nd Apr 2024)

1. U.S Markets closed mixed on Friday. 2. Nasdaq crashed by 2% on Friday. 3. Asian markets are all mixed. 4. U.S Markets look bearish currently and are not out of the woods yet. 5. We have have successful om Friday by not going below 21800 but have to see how much time it's going to sustain. 6. Results of HDFC Bank ain't that great. 7. It's just flat Results and nothing is out of the box. 8. Reliance results should be out today during market hours. 9. This could cause a big swing on Nifty. 10. I personally feel markets would be in a consolidation phase for next 6 months at index and most of the stocks. 11. 2023-2024 had been a fantastic year and almost all the stocks rallied. 12. Valuations are quite steep now and only if a company is declaring excellent results , the stock prices are rising. 13. Markets would test your patience but will not make big trending moves. 14. 22350 is the resistance for nifty. 15. 21800 is the support. 16. I'm giving a bigger rang...

Next Level Volatility!! (19th April 2024)

1. U.S Markets closed lower yesterday. 2. U.S Markets were slightly lower. 2. Right now , Dow Futures are lower. 3. Asian markets are lower. 4. Gift Nifty is indicating a flat opening.  5. Yesterday was a horrific trading day. 6. Nifty touched 22300 and was trading I'm green in the first half.a  7. Suddenly markets fell. 8. Nifty fell 200 points in a minute.  9. On analysing the reason , Isreal FM gave a statement that they would attack back. 10. Their attack would be mlge vicious. 11. So this war news is driving the markets currently. 12. 22000 is a strong support. 13. 21800 is a super strong level. 14. Don't think 22000 below could sustain for long. 15. Until this word of mouth and expecting of possible attack goes on , Markets could turn volatile. 16. War etc  people will forget as days pass by. 17. Use this dips as buying opportunities.  18. Nifty might trade between 22000 to 22300 today. 19. Expect markets to cut down the losses and stabilize fr...

Geo- Politics tensions easing!! (18th May 2024)

1. U.S Markets closed lower yesterday. 2. Right now , Dow Futures are lower. 3. Asian markets are lower. 4. Gift Nifty is indicating a gap down of 50 points. 5. U.S VIX was slightly lower Yesterday. 6. This is  due to Israel - Iran Conflicts. 7. Iran - Israel tensions have been settling down a bit. 8. Since last 2 trading sessions. 9. Although there is not much happening on the wat front,  markets are factoring in the uncertainty.  10. Closing below 22200 is also not a good closing for Bulls. 11. 22k is a good support now for Nifty. 12. I think this support should hold for some time. 13. Nifty is down all the way from 22750 to 22150. 14. Bank Nifty down from 49k to 47300 almost. 15. Banks have taken a major hit in this mini crash. 16. Results season is around the corner. 17. Markets eyes will turn towards the results season now. 18. War etc  people will forget as days pass by. 19. Use this dips as buying opportunities.  20. Nifty might trade between ...

Correction Phase !! (16th Apr 2024)

1. U.S Markets crashed Yesterday. 2. Right now , Dow Futures are lower. 3. Asian markets are lower. 4. Gift Nifty is indicating a gap down of 200 points. 5. U.S VIX jumped 10% Yesterday.  6. This is  due to Israel - Iran Conflicts. 7. Over the weekend , there were news of possible war happening between both the countries. 8. Although there is not much happening on the wat front,  markets are factoring in the uncertainty.  9. Markets at all time high needed a reason to correct and this came in 10. We will be opening near 22k on Nifty today. 11. Which is  a strong support zone. 12. I feel markets are factoring in all the negatives of a further escalation. 13. 22k should be a good support and we should be able to hold it. 14. If 22k is taken out then it would be again a correction on the way. 15. Sentiment has been dampened by the war news  16. Banks underperformed majorly yesterday.  17. Use this dip as an opportunity to buy good companies  18. Don'...