Share Market Today
Today the market's behavior is totally dependent on US Elections.
Today Market is going to be very Volatile
I would request people to stay away from the trading because a big swing is expected today.
US Election: Who will the Election determine the direction
If Trump Wins then the market will move sharply in an upwards direction
If Trump loses then sharp downfalls.
So if someone is new to trade then time to learn rather than taking any positions.
But if someone likes to take the risk then I would recommend buying one Call and One PUT. Because the market is going to move up or fall down in one direction significantly.
Hedging is the Best Tactic.
If we talk about the data FII is more on the downside and tomorrow is the expiry
So if Trump wins a big short-covering would take place, if he loses then a fall is expected The reason is that BankNifty is at the high so easily big falls around 600-800 points are quite easily can be accomplished.
Again and Again I repeating a panic would be seen in the market
Bank nifty
So with the help of the chart,we can clearly see that Bank nifty is very bullish and almost making new high and other hand the support is at 24800.
so i donot think the small investor would able to withstand in todays volatile market on the other hand Nifty is looking much weaker so anytime it can take a U turn
Nifty
Looking at the chart Nifty is near its Resistance at 11900 and Support at 11700,11600 .
| FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores) | ||||
|---|---|---|---|---|
| Category | Date | Buy Value | Sell Value | Net Value |
| FII/FPI | 03-Nov-2020 | 8481.57 | 6207.17 | 2274.4 |
| DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores) | ||||
|---|---|---|---|---|
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 03-Nov-2020 | 4316.48 | 5417.4 | -1100.92 |
FII have shown interest in buying however like always DII is on the sellsideike everyone knows when the FII buys DII sells.
If someone wants to see how Volatitle the market going to be.
Just have a look on Dowjones when I started analyzing the market of today it was in red by 100 points now it is 3% up and trading in green
Same way the Nifty was down by 80 points and now it is trading in green by 20points.Its just a start and a lot of up and downs are expected. No resistance or supports plays the role unless US election comes out with a clear winner.
