It is very ironic that my First Post on this blog comes on a day when US markets have crashed almost 2%. Dow jones is down 231 points as I type this post. The reason for this fall is due to the week jobs data that ADP had announced. Unexpectedly private companies in US stopped hiring in May causing a sharp fall in hiring data which showed weakness in US economy.
Effect of US markets on Indian Markets
I see a minimum 1% fall in Sensex and Nifty and maximum of 2% fall. This fall will come due to cues from US coupled with negative sentiment in Indian markets.
Trading Strategy for 2nd June
People doing intraday trading can SHORT SELL Real Estate Stocks like DLF and UNITECH for tomorrow expecting a minimum 3% fall in these stocks. Do not buy any stocks tomorrow as more fall in markets might come and stocks will be available at cheaper prices. I am expecting Nifty to touch 5350-5400 in coming days.
People trading in Futures & Options can buy Nifty PUT* options of Strike price 5400 which might open at 45-50. The target on these put options is 100 with a stop loss of 35 for next 2 days. So there is a chance of doubling your money.(*Put Options are contracts which rise in price when the share corresponding to it falls. Here I am suggesting to Buy Nifty Put options whose price will rise when Nifty falls)
Effect of US markets on Indian Markets
I see a minimum 1% fall in Sensex and Nifty and maximum of 2% fall. This fall will come due to cues from US coupled with negative sentiment in Indian markets.
Trading Strategy for 2nd June
People doing intraday trading can SHORT SELL Real Estate Stocks like DLF and UNITECH for tomorrow expecting a minimum 3% fall in these stocks. Do not buy any stocks tomorrow as more fall in markets might come and stocks will be available at cheaper prices. I am expecting Nifty to touch 5350-5400 in coming days.
People trading in Futures & Options can buy Nifty PUT* options of Strike price 5400 which might open at 45-50. The target on these put options is 100 with a stop loss of 35 for next 2 days. So there is a chance of doubling your money.(*Put Options are contracts which rise in price when the share corresponding to it falls. Here I am suggesting to Buy Nifty Put options whose price will rise when Nifty falls)
No comments:
Post a Comment