My thoughts on the current market 06/10

Yesterday I mentioned that the market was respecting support of 7,350. Today it easily broke past that and closed exactly at support of 7,260. The fall can be attributed to 1. Profit Taking 2. Inflation 3. War News. My expectation for tomorrow will be that if the market opens above 7,260 - it will try to hold onto this support. Else the next support is at 7,175 levels. So we will have to wait and see tomorrow but I would expect a neutral day. For option sellers and this is my opinion, I feel the downturn may be temporary and we could see a market reversal if support levels hold. I would say ensure that there is enough margin to avoid margin calls as we dont want to get liquidated early. Also look to roll CSPs if you dont want a stock assigned. These are just my thoughts! Let me know what you think of the situation and feel free to comment or DM to discuss on any specific positions. PS: Not financial advice. Do your own research.