- US markets closed Flat Yesterday.
- Asian Markets are mostly in Green.
- SGX Nifty is up 80 Points near 11450.
- Yesterday our Markets Witnessed big selling pressure.
- Indo - China border news and also SEBI new Margin frameworks were the root cause for the same.
- India VIX was up 22% Yesterday.
- Put options prices rose to 10 X Intraday.
- This is a one off day and usually doesn't happen many times.
- Expecting Markets to be very Volatile today as well.
- Today also in the first half bears will try to sell every rally.
- If you get follow through on the short side you should go short.
- If there is no follow through and Markets cross the day high then we can withess short covering.
- So one should be prepared to trade both sides today.
- GDP data was also very bad and not as per Expectations.
- The Million dollar Question is?
- Has the Trend changed or is it just a Single off day?
- According to me it's a Single off day.
- In Bull Markets sharp corrections like Yesterday present buying Opportunity.
- Bears stay happy only for a day but Bulls take over again.
- So use these hard sell offs to build long Positions.
- Nifty Might Trade between 11340 to 11500 today.
- 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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