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  1.  US markets closed higher.
  2. It gained more than what was lost in the previous day.
  3. Previous day, markets fell as Trump stopped Stimulus negotiation.
  4. But yesterday he was seeking many small aid packages specific to sectors.
  5. Moreover, people think, surely Democrates will win the election in the next one month.
  6. And when they win, larger stimulus than what Trump proposes will come.
  7. Asian markets are higher.
  8. Infosys ADR is up by 4.5%.


  12. So IT stocks may go up 3 to 4% here.
  13. TCS came with good results, WIPRO announced share buyback.
  14. So today, once again IT will lead the markets higher.
  15. SGX Nifty is trading around 11800.
  16. This is a fantastic rally of 1000 points in two weeks.
  17. Except in 2009, when Nifty opened gap up 20%, I do not remember Nifty shooting up 1000 points in two weeks.
  18. Few times Nifty shot up 1000 points in one month.
  19. But this time, in 6 weeks, Nifty fell 1000 points and then shot up by 1000 points.
  20. Option writers are struggling.
  21. Call option premiums are shooting up but Put premiums not coming down.
  22. Last 6 weeks is one of the worst period for Option writers.
  23. Yesterday, as expected, Reliance supported the markets.
  24. But late afternoon, profit booking dragged Reliance.
  25. But by that time, HDFC Bank and TCS started moving higher.
  26. FIIs have bought for more than Rs 1000 crores while DIIs sold for more than 1000 crores.
  27. That game is likely to continue today also.
  28. Though markets keep going higher, everyday, intraday fall also comes without fail.
  29. That is more visible in Bank Nifty.
  30. TCS is likely to open 3 to 4% higher, I have sold 2700 straddle.
  31. Nifty future may trade between 11700 and 11850.
  32. SGX Nifty: Trends on SGX Nifty indicate a flat start for the broader index in India, with a gain of 14.50 points or 0.12 percent. The Nifty futures were trading around 11,808.50 level on the Singaporean Exchange.

  34. source | MC | PR | SM 

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