Expiry day today. Gap up is huge and there is very little chance for me to participate any trade. Still scalped small profit.
Few Observations for today:
1. Bank NIFTY initially surged but closed around Low of the day.
2. Advance and Decline ratio is not great.
3. This market surged in straight line from 9270 to 9860. This is 600 points rise in 2.5 days.
4. VIX has not fallen today.
Till we cross 10000 - 10500 zone, we are still in large down move.
Hence I'll be careful of going long till this view invalidates. Considering this background, May month may start volatile. Mostly on downside.
Few Observations for today:
1. Bank NIFTY initially surged but closed around Low of the day.
2. Advance and Decline ratio is not great.
3. This market surged in straight line from 9270 to 9860. This is 600 points rise in 2.5 days.
4. VIX has not fallen today.
Till we cross 10000 - 10500 zone, we are still in large down move.
Hence I'll be careful of going long till this view invalidates. Considering this background, May month may start volatile. Mostly on downside.