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 buying 24000 PE November series to hedge.

18. Until then I would just be enjoying the gains.

19. Aim is to minimize risk and maximize upside.

20. There are many shorts in the market and are yet to be trapped.

21. Nifty might trade between 24300 to 24700 today.

22. stockmarketadvisory.in

Comments

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...

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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