- U.S Markets were down 2% Yesterday.
- But now there seems to be a recovery and Asian Markets are Trading Positive.
- SGX Nifty is up about 50-60 Points now.
- Yesterday as Europe Markets opened, the news came that US 2 Trillion$ suspicious money handled by Banks.
- This Triggered a big sell off in Banking stocks all over the World.
- To just let you know the magnitude of this news , Indian Economy is 2 Trillion$ & the Amount of Scam figure was Equal to Indian Economy figure.
- U.S is considering another Lockdown to control the Corona Virus spread.
- Indian Cases are now more than a lakh per day.
- Indian Govt doesn't seem to be worried about it nor does Indian Media.
- Both are busy looking after "Bollywood".
- Bank Nifty was already very weak.
- 22000 was the support area of Bank Nifty and it broke decisively so more selling pressure witnessed.
- Markets will be Irrational and choppy.
- 11200 is a strong support on Nifty and if that's taken out we can witness further crash.
- First half is very critical, if we break 11200 then 2nd half is an opportunity to short.
- If we hold on in the first half or consolidate we can witness short covering in 2nd half.
- Sold 11250 & 11200 Straddle Yesterday @250rs each (This Expiry).
- VIX was up 14% yesterday at one point so took the Opportunity to create Straddle.
- Nifty might Trade between 11180-11340 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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