Dear Romeo Bhai,
I there any chance that banknifty will move upside.
Yar kabhi to acchi news diya karo.
Global cues: Friday amazon missed revenue estimates & sang like a canary how people are going out & ordering less online & guided down next 2 quarters.
S&P can drop 45-60 points in a dime & (
smashing down ES/NQ futures is always on 1/10th volume during their after hours but in our time zone & recover before they open next day. But....2% damage to our markets already done.
By the way S&P futures is managed by PPT(Plunge Protection Team ) .In a money printing economy, stock market is last illusion for wealth.
BN Upside is limited . Probing downside is possible.
Nifty recovers faster from any drop. I guess Nifty has a bigger derivative option market.Tail that wags the dog.
All our banks have reported with eiether bad results or showing small profits via reclaiming previously made bad loan provisions.
All our banks are singing same tune. Big corporate loans ok.(anyway RBI/Govt wont let them fail)
MSME & indivual loans are becoming shitty loans a lot.There wont be a collapse. BN Drop600 points,recover 300 points. Drop 1000 points,recover 500 points. same story if it goes up.
call options can be only intraday at best. theta eats you alive over night.
BANKBEES ETF that replicates BN 95% can scale in & scale out but huge investment .No vix,no theta worries.