April 21, 2016
Time: 8.30 pm
Post Market Report:
Time: 8.30 pm
Post Market Report:
- I could not write "Pre Market Report" today morning due to Sun TV program.
- Second day in a row, Nifty closed almost flat.
- On one side, since yesterday both FIIs and DIIs have sold in Cash market, people decided to book profits.
- On the other side, as RBI relaxed the provisioning norm for Banks, Banking stocks were on fire.
- Finally Nifty ended almost flat.
- Today both FIIs and DIIs are on the buy side in Cash market.
- So we can expect some support at the lower levels tomorrow.
- FIIs have bought for Rs 805.42 crores in Cash market while DIIs have bought for Rs 65.72 crores.
- IndusInd Bank results did not move the markets significantly.
- Tomorrow HDFC Bank will come out with results, we have to see whether this huge rise in Bank Nifty sustains or not.
- Reliance will declare results tomorrow after the market hours.
- Now US markets are trading mixed.
- SGX Nifty is trading with slight negative bias.
- Markets may consolidate tomorrow and markets may breakout next week.
- Nifty is likely to trade between 7800 and 8000 for next one or two days.
Comments
Sir as per your option short strangle strategie, which one is safe
ReplyDeleteNifty
Bank nifty
Individual stock?
Usually in the last week of trading. I do not hold positions in current month, shift positions to next month only in Nifty.
DeleteAny violent movement in the last week is not good for option sellers as rice value will dominate the option pricing.
For speculative trades, I create short strangle just before the results and exit just after the results.
Now I have sold Reliance 980 Put and 1100 Call. Watch their movement today.
This list is really great. this list is very helpful of us.
ReplyDeletethank you for sharing
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