Hi all,
How was the day today? Good upmove seen... It could be a suckers rally... The markets could reverse very quickly for three reasons...
1. Nifty Futures show zero premium. Still 3 days to go for expiry... That means little buying in the futures market.
2. The number of 5900 PE and 6000 CE contracts traded is almost equal. Any small negative news could push markets down...
3. US and European markets have gone down significantly today.
How was the day today? Good upmove seen... It could be a suckers rally... The markets could reverse very quickly for three reasons...
1. Nifty Futures show zero premium. Still 3 days to go for expiry... That means little buying in the futures market.
2. The number of 5900 PE and 6000 CE contracts traded is almost equal. Any small negative news could push markets down...
3. US and European markets have gone down significantly today.
As SG always says..... expiry week.....TA will fail ....expiry week show wild swings.... and unexpected closing .......so wait till Thursday...to come at any conclusion ...till the SG will be back ...