- US markets closed Negative on Friday.
- Asian Markets are mostly flat today.
- SGX Nifty is down 10 Points.
- Fridays are becoming highly Volatile now.
- I'm observing this from quite few weeks now.
- Bank Nifty collapsed more than 600 Points on Friday in less than 30 Minutes.
- I was Relaxing and preparing for the weekend😃 but this fall caught the attention.
- After due research there was a news found.
- There were some tensions at India Pakistan border due to which there was a fall in Major indices.
- Maybe due to this news there was a fall.
- But by the end of the day things stabilised a bit on Nifty while Bank Nifty continues to lag.
- IT Stocks and Reliance look good and are Supporting Nifty.
- Option sellers need to be very careful while reading in Monthly expiry contracts.
- Premiums are too low and the Vega (Volatility) effect is quite high.
- Better to sell Stock options or trade in next Month options.
- Markets make a 200-300 Point move on Monthly Expiries.
- Will look to play that move after confirmation.
- As of now there is no indication of that sorts.
- Presidential Elections in U.S.
- Corona Virus Cases topping everyday.
- More than 1 Lakh cases on a daily basis.
- Section 144 Imposed in Mumbai and Rajasthan.
- India has failed Miserably to deal with Corona Virus pandemic.
- While most of the countries have reduced the fear to a lot of extent but we are unable to control.
- Nifty might Trade between 11420-11580 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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