GIFTNIFTY is up 300 points.
That is not coming down even after bad inflation numbers from US.
Last week, 2 days Nifty shot up 500 points, now another 300 points Gap Up.
RIP for Call Writers.
Bullish Strategy without hedging and with unlimited loss. I usually do hedging through short term Options as Premiums will be high in long term Options.
Markets down, then announcement likely before Budget.
Markets up, then it is unlikely before Budget.
Govt considers stock market tax relief package, but announcement before Budget unlikely - https://t.co/zafIWVpasu
CAS was introduced on October 3. That day NIFTY closed around 24800. Then NIFTY fell 2600 points and then shot up 2800 points.
Will Nifty end with Yearly Candle positive?
In 2023, first 10 months Nifty did not give any returns but in last 2 months, rallied 15%, two reasons:
1. BJPs performance in 5 state elections,
2. Fed Chairman announcement regarding interest reduction.
In 2026, Nifty gave negative return for first 10 months.
Now markets are rallying. Reasons:
1. US Mid term election, Crude down.
2. (Possibly) FM may give some tax concession.
Will Nifty touch 26K by December end?
Bought 23500PE, sold 2X22500PE and 21000PE.
No upside risk, downside risk below 21363.
No Hedging as I do something called FREE Hedging (with slightly higher risk) which we teach in our workshop.
Let us see whether FM favours me or not.
HDFC Bank ADR is up 7%.
ICICI Bank ADR is up 4%.
GIFTNIFTY is up more than 300 points.
This rally is not going to stop until all Call writers go Bankrupt.
Taiwan, a tiny country, TSMC a company in Taiwan, its weightage in Emerging Markets Index is higher than all Indian companies weightage in that index put together.
India's top 2 index heavyweights, HDFC Bank and Reliance, both are just 1% away from their 52 week low.
3 out of last 4 trading sessions, Nifty broke 22500 on the downside but closed above 22500.
The more it tests 22500, more the chances of breaking that level ultimately.
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