June 22, 2018
Time: 8.55 am
Pre Market Report:
Time: 8.55 am
Pre Market Report:
- US China trade war having effects in all the markets.
- Yesterday the going was good.
- Then the news came that "China accused US of Trade abuse"
- Hong Kong fell more than 500 points intraday.
- US futures turned from +100 to -100.
- Our markets also fell.
- Crude prices fell yesterday and Oil marketing companies did well.
- But today again Crude started rising.
- Our markets are down one day and up on another day.
- Oscillating between 10700 and 10800.
- Key event to watch will be OPEC meeting.
- Yesterday for the first time in last few weeks, FIIs bought for more than Rs 1000 crores.
- DIIs also bought.
- Still our markets fell.
- So the sideways move is likely to continue.
- Option sellers will eat all the OTM premiums.
- If market stabilises, we can expect a small upside movement towards the end of the day.
- Nifty future is likely to trade 10680 and 10780.
Comments
thanks for traders carnival in you tube videos. I never understood options -as they are financial weapons of mass destruction, but a maths teacher has taught me to be a option seller -or insurance seller ( either put or call ) on either side of fairly predictive movement of Nifty or Bank nifty before expiry and eat the premiums paid by option buyer who bet wild. Do we really need 18 to 20 points as you write daily to sell options? or 20 DMA to buy or sell stocks, derivatives as used by Ashwani gujral ? Your comments please
ReplyDeleteSunder sir ji , in last hour bank nifty moved as a wild-beast.
ReplyDeletewhere you see 28 June expiry, i shorted 26700 pe at 373 and cover at 116. 120 QTY. I learned a lot from your blog and your video. also want to learn more, about option selling. keep it UP sir, All the best for upcoming interviews in CNBC.
shorted Bank nifty 26700 PE means sold options am I right?
ReplyDeleteSir, good analysis by u in cnbc TV18. Why the channel are not telecast your opinion everyday?
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