Skip to main content

Posts

Showing posts from October, 2024

Expiry day !! (31st Oct 24)

1. U.S Markets closed lower yesterday.  2. Asian markets are lower right now. 3. U.S Futures are down. 4. As the Elections are getting closer in U.S , their market is also becoming quite Volatile. 5. Markets were all over the place yesterday in U.S 6. U.S VIX continues to hover around 20 7. Sense that after the election verdict the VIX would crash in U.S 8. Until then do not expect VIX to go down. 9. We are also trading with heavy Volatility.  10. Nifty is too volatile between 24150 & 24500. 11. There is selling pressure at higher levels. 12. There is also buying at lower levels. 13. Expect today to be even more Volatile.  14. FII's again sold 5000cr yesterday.  15. Today they might sell the highest. 16. Bank Nifty for no reason went up 1000 points on Monday. 17. Yesterday for no reason it crashed. 18. November should provide some stability to the market. 19.Nifty might trade between 24150 to 24500 today. 20.  stockmarketadvisory.in

Trend Reversal Confirmed? (30th Oct 24)

1. U.S Markets closed  higher yesterday.  2. Asian markets are higher right now. 3. U.S Futures are higher right now. 4. Google has come out with results after market hours and in pre market stock is up 5%. 5. U.S VIX is now below 19. 5. Gift Nifty is indicating a gap down of 30 points. 6. Yesterday was a day of huge Volatility in our Markets. 7. Nifty kept crashing as soon as it opened. 8. There was a huge sell off as soon as the markets have opened.  9. Nifty took a pause near Yesterday's low of 24130. 10. Then there was a huge rally. 11. The rally was so severe that in 10 minutes between 2 to 2.10 pm nifty rallied 100 points. 12. This is some serious short covering rally. 13. Today most important level is 24500. 14. If this level is taken out we are approaching near 24700. 15. Yesterday I had mentioned that I'm Bullish and selling puts below 23500 in November series. 16. This view is intact currently. 17. In markets fall below 24100 then I would consider bu...

Recovery or Trend Reversal? (29th Oct 24)

1. U.S Markets closed  higher yesterday.  2. Asian markets are higher right now. 3. U.S Futures are mixed. 4. U.S VIX is now below 19. 5. Gift Nifty is indicating a gap down of 30 points. 6. Yesterday was a day of huge Volatility in our Markets. 7. Nifty opened a bit in green and there was a recovery soon after. 8. Recovery couldn't hold on for long and there was a sell off. 9. 24135 was the low made and then followed by a huge rally. 10. Nifty went close to 24500 yesterday.  11. Generally , huge Volatility indicates topping out or bottoming out process. 12. So I sense that 24k wouldn't be broken in this week expiry 13. Similarly , there would be a large rally once nifty closes above 24500 14. Until then Nifty would be trading with high Volatility within 24k-24.5k. 15. Bank Nifty on the other hand is leading the market. 16. Excellent results by leading pvt banks & Govt banks is a shining light. 17. I have been selling put options below 23500 for November ...

War scare fading away? (28th Oct 24)

1. U.S Markets closed mixed on Friday. 2. Asian markets are higher right now. 3. U.S Futures are higher right now. 4. U.S VIX is now below 19. 5. Gift Nifty is indicating a gap down of 60 points. 6. Friday was again a day of huge selling in the markets. 7. Nifty opened flat and was rangebound for an hour. 8. Then came the selling pressure. 9. It was so huge that Nifty even touched the budget day low of 24076 10. Last 1 hour there was a reversal but it wasn't due to any good news. 11. Reversal was mainly due to shorts covering their profits before the weekend. 12. Over the weekend , there were some positive developments. 13. Crude oil has fallen 5%. 14. This is because there have been signs of peace and war coming to a halt. 15. ICICI Bank has declared very impressive results over the weekend.  16. These results would likely keep bank nifty positive. 17. Markets are near the final support level of 24000-23900 now. 18. Bulls would like to have a flat to positive closing t...

India VIX Falls !! (25th Oct 24)

1. U.S Markets closed higher yesterday.  2. Asian markets are higher. 3. U.S VIX is now below 19. 4. Gift Nifty is indicating a gap down of 10 points. 5. Yesterday was again a consolidation day for the markets. 6. We just consolidated within 100 point range. 7. 24300 to 24600 is the range now for Nifty. 8. Trending move would come only if one of the level gets taken out. 9. Most of the companies have reported poor results , hence markets are under pressure. 10. I think this is mainly due to Elections , the spending will be less. 11. This curbs the demand. 12. Demand should be back to normal in the coming time. 13. This would be a tough year for the markets. 14. There won't be quick money on the table. 15. Markets would consolidate test your patience and reward you gradually. 16. Have a diversified portfolio and not concentrated  17. The good thing about Yesterday is Bank Nifty rally and India VIX crash. 18. India VIX finally crashed 5% Yesterday.  19. This ind...

Lack of Strength!! (24th Oct 24)

1. U.S Markets closed lower yesterday  2. Asian markets are higher right now. 3. U.S VIX is now close to 20. 4. Gift Nifty is indicating a gap down of 50 points. 5. U.S Futures are higher right now. 6. Tesla has given a Beat on earnings front. 7. This drove a positive sentiment in the pre market. 8. Yesterday was a consolidation day but it was with some Volatility  9. Volatility is not settling down and markets have gone crazy. 10. Yesterday I mentioned there won't be a swift recovery as it used to be in the past. 11. Market would take its own time , consolidate and move higher slowly. 12. Many of the stocks are down 20-30% from highs. 13. Sector rotation has been happening across the board. 14. Many stocks would go 10-20% even lower from here. 15. Money making won't be easy now. 16. Only good stocks would be rewarded. 17. Rest would be thrashed. 18. Bank Nifty is much more stronger than Nifty currently.  19. If Bank Nifty holds on to 51k it can stabilize Nift...

More Pain Ahead? (23rd Oct 24)

1. U.S Markets closed mixed yesterday  2. Asian markets are higher. 3. U.S VIX is now below 18. 4. Gift Nifty is indicating a gap up of 10 points. 5. Yesterday was the worst fall for the markets. 6. Specially for the broader markets. 7. Mid cap and small cap index have fallen 5% each in last 2 trading sessions. 8. When was the last time this has happened. 9. In the past , whenever this has happened there was a V shape recovery. 10. Immediately from the next trading session. 11. This time I do not see that happening. 12. There might be recovery but it would be slow and gradual 13. There won't be a one way rally. 14. Markets just in the Month of October are down 8%. 15. Nifty is down 8% from peak. 16. This shows that we are in a short term Bear market. 17. 2700 stocks out of 5000 are down more than 25% from peak. 18. Bank Nifty is much more stronger than Nifty currently.  19. If Bank Nifty holds on to 51k it can stabilize Nifty today. 20. Nifty might trade between 24...

High Volatility!! (22nd Oct 24)

1. U.S Markets closed lower Yesterday.  2. U.S Companies have been declaring very good results but had witnessed profit booking Yesterday.  3. Asian markets are lower. 4. U.S VIX is now at 19. 5. Gift Nifty is indicating a gap up of 20 points. 6. Yesterday was once again a high volatile trading day. 7. Market opened with a gap up and then there was huge selling. 8. Within an hour , Nifty crashed 300 points. 9. Nifty once again tested 24700. 10. Closing below 24700 would make markers more weaker. 11. It's a sell on rally Market. 12. There is heavy Volatility.  13. FII's have sold for 2500 crores yesterday whereas DII's have bought for 3500 cr. 14. Screen doesn't reflect such numbers. 15. 24500 to 25000 is the range for Nifty. 16. Nifty is likely to trade in this range but with heavy Volatility. 17. Nifty might trade between 24700 to 25000 today. 18.  stockmarketadvisory.in

Have we bottomed out?? (21st Oct 24)

1. U.S Markets closed higher on Friday. 2. U.S Companies have been declaring very good results. 3. Asian markets are higher. 4. U.S VIX is now below 18. 5. Gift Nifty is indicating a gap up of 80 points. 6. This is a good gap up opening. 7. Bank Nifty saved the day on Friday. 8. It was a roller coaster ride. 9. Nifty opened with a large gap down below 24700. 10. After Opening below 24700, it kept crashing down. 11. Finally the support was found near 24550 on Nifty & 51k on Bank Nifty. 12. Fridays low according to me should be the low for October expiry. 13. This is my Gut. 14. Banks have declared good results over the weekend. 15. They were nor too bad nor too good. 16. Bank Nifty was already quite lower expecting bad corporate results. 17. I expect Nifty to trade between 24550 to 25250 for this week. 18. Expect Bank Nifty to trade with good strength going forward. 19. Nifty might trade between 24700 to 25000 today. 20.  stockmarketadvisory.in