- US markets closed higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is Trading near 10700.
- In July series, Markets are Trading within range.
- Yesterday last hour Markets Witnessed huge profit booking.
- This is not Trend Reversal and just normal profit booking.
- Nothing to be worried and say crash is Approaching etc.
- FII's & DII's were net sellers Yesterday.
- I sold 10600 Put Yesterday Weekly Expiry when Nifty fell below 10700.
- Yesterday until 2.30 Bank Nifty was holding Nifty and was on a roll.
- Bank Nifty Couldn't Sustain above 23000 and Eventually collapsed from the high.
- Eventually leading to big sell off in Nifty.
- Bank Nifty range would be between 22200 & 22900 for this Expiry.
- Nifty might trade between 10650 & 10820 today.
- Flat Markets expected today.
- Do not expect any Big Moves on Nifty.
- Bank Nifty is a high Volatile index , exited all the Positions in Bank Nifty Yesterday with good profits.
- Trade for today is to by on dips closer to 10650-10620 on Nifty & sell near 10800.
- Do not trade in Weekly Expiry Options of Today , Trade in Next week Expiry options.
- Theta decay will be less.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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