CNBC Calls

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All news discounted in first seconds, SGX/FED etc

There will be opening selling panic by trapped longs


SHould stabilise after 5-10 mins

Look at markets after that


First hour high-low critical

What was surprising was the low vols going into the event
maybe market participants got programmed for loose monetary policy
since march 2020, and expected this to be a non event

low vix is complacency, and then if something unexpected happens, it's mayhem

low vols means option sellers will be badly trapped

35300-500 remains the major resistance for the expiry, downsides below that

Breakdown below 34700. Strong support 34400.


Below that 33600

NIFTY : 15610 critical


SGX turned last night from 15634 levels, the lows of the selloff a few days ago
15610 , break below that will create panic

BNF intraburst = 150 points

STock : AdaniPorts fut< 700,SL 720. TGT 560BUy :

TataConsumer Buy 730 CE July at 30, SL 20

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SO far, Indbulhsgfin, INFOSYS , Tata Consumer, ITC ( did not work)
Asian PAints on delivery
Stocks may or may not move immediately, keep it on watch for momentum
Options are rapidly depreciating instruments, prudent to book loss when
trade not working out
Jump in again as momentum comes in

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