Nifty Bank IndexLong
Short Market Report 25.01.22
Short Market Report
Massive upside noted in last trading session as markets rebounded from the lows. All the short positions were dumped at the start of the session and then it was only a stellar up move. As mentioned previously, Bank Nifty was stronger and still is given daily RSI is maintaining above 50; which is not the case of Nifty.
Now, the effect of the fed meet is hard to predict. its only my assumption that the effect maY have already been incorporated in markets.
Expect a gap down opening tomorrow with a relatively muted day. Expiry is likely to happen below 17300 nifty and 38000 bank nifty. The simple reason is everyone will be watching everyone what move is being made in the market. US markets on upside so that is likely to have a positive impact. Whatever you do, don't go short as we are playing a pull back / bear flag.
Trading ideas: Option selling would be best for expiry day. Trading range for Nifty 17500-17000, Bank NIfty 38000-37500. Avoid buying options as with sudden drop in volatility, the premium prices will suddenly.
Stocks for Tomorrow:
IDEA
INDIABULL HOUSING FINANCE
BHEL
SUNPHARMA
ATUL
Massive upside noted in last trading session as markets rebounded from the lows. All the short positions were dumped at the start of the session and then it was only a stellar up move. As mentioned previously, Bank Nifty was stronger and still is given daily RSI is maintaining above 50; which is not the case of Nifty.
Now, the effect of the fed meet is hard to predict. its only my assumption that the effect maY have already been incorporated in markets.
Expect a gap down opening tomorrow with a relatively muted day. Expiry is likely to happen below 17300 nifty and 38000 bank nifty. The simple reason is everyone will be watching everyone what move is being made in the market. US markets on upside so that is likely to have a positive impact. Whatever you do, don't go short as we are playing a pull back / bear flag.
Trading ideas: Option selling would be best for expiry day. Trading range for Nifty 17500-17000, Bank NIfty 38000-37500. Avoid buying options as with sudden drop in volatility, the premium prices will suddenly.
Stocks for Tomorrow:
IDEA
INDIABULL HOUSING FINANCE
BHEL
SUNPHARMA
ATUL
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