Many analysts are bullish about ITC, but the stock has been under performing. I sold 235PE, now the stock is below 235. 52 week low is 234. If it closes below 235, I am planning to rollover the put.
Yesterday more than 60% of the fall in Bank Nifty came only from HDFC Bank. More than 60% of the fall in Nifty came from HDFC, HDFC bank, Reliance. So these 3 stocks will have to do well for market recovery. We need to see how HDFC opens, after yesterday's results.
SGX Nifty down by 50 points after HDFC results. Profit is higher due to one time gain, otherwise, sales down, provision up.
Did the market know HDFC results? Very bad results. Looks like tomorrow we will break the lows of Jan series. This month, all index heavy weights did very badly.
Huge selling in HDFC Bank and Kotak Bank is dragging Bank Nifty. Reliance is also very weak and dragging Nifty. Only after HDFC results we can expect some respite in HDFC Bank selling.
I did mention in the blog, SGX Nifty is trading due to knee jerk reaction. @_anujsinghal also had the same view. So went long in SGX Nifty at 12150 (Low was 12148) 10 lots, sold 5 lots at 12180 and remaining 5 lots at 12200.
Positives: 1. ICICI Bank result. 2. Crude down. 3. FII & DII buyer in Cash market. Negatives: 1. Corona Virus. 2. Corona Virus. 3. Corona Virus. For more analysis,
SGX Nifty future hit a low of 12153. Dow future down more than 200 points. Now Corona Virus spreading to Stock Markets also.
Today's trade belongs to Kotak Bank, which sot up 50 points from day's low. Will Monday be ICICI day?
From low to high, Nifty about 125 points, Bank Nifty about 500 points. I have mentioned in my blog, 1. We are least affected by Corona, 2. FIIs bought hugely. 3. Crude fell. As expected, it is a positive surprise. 😂�
Alert: Singapore reports Corona Virus. Global markets falling. Crude down another 3%. SGX Nifty down by 65 points.
Tomorrow expiry: 1. Sold Nifty 12200CE heavily. 2. Sold BN 31000CE heavily. 3. BN +1X30800PE, -2X30600PE. Let us see how markets open tomorrow.
November expiry, Nifty 12150. December expiry, Nifty 12125. Today, Nifty 12100. 😂😂
TCS, HDFC Bank, Reliance, HCL Tech, Kotak Bank results will move the market today. Together they contribute more than 25% for Nifty and about 50% for Bank Nifty. For more analysis,
HDFC Bank Q3 results seems to be very good. Expectaion for Monday morning: Reliance 1 to 2% up. HDFC Bank 1 to 2% up. TCS flat. HCL Tech 3 to 5% up. Nifty likely to open at ATH. 😂😂
Stock market creates more multi beggars than multi baggers. 😂😂
Nifty future crossed 12400 four times and fell. Today due to AGR news, Banks dragged the markets down. If HDFC Bank results tomorrow and Kotak results on Monday are good, markets may break out of consolidation.
By the end of next week, Nifty future will touch 12500.
Reliance results seems to be good. Looks like it has been factored in. No big difference in Reliance GDR or SGX Nifty.
TCS results seems to be OK type, not bad, not impressive. Reliance results awited.