Two positive developments over the weekend:
1. Market buzz about Warren Buffett being in touch with the US government on resolving the run on regional banks' deposits
2. UBS offers to buy Credit Suisse for $1 billion.
1. Market buzz about Warren Buffett being in touch with the US government on resolving the run on regional banks' deposits
2. UBS offers to buy Credit Suisse for $1 billion.
It will be interesting to see how the market reacts to the UBS-Credit Suisse deal because it is at a steep discount and no shareholder approval was taken.
Indian market despite positivity can open gap down say by approx 100 pts and thus to ward of all such situations start using our bank nifty option tips on a daily basis and you can trade tension free.
