- U.S Futures were down more than 2% Yesterday when Indian Markets were active.
- That was the reason of such a big fall Yesterday.
- 11000 was the place of support and that was taken away.
- Bank Nifty below 21k.
- Now U.S Futures are slightly positive so SGX Nifty has recovered from 10800 to 10900.
- Month end expiry and all longs trapped.
- Everything contributed to a huge fall in the Markets.
- FII's have been selling relentlessly for the past week.
- As I previously mentioned , September will belong to the bears and the same happened.
- Coming to October series.
- One thing is for sure , unless Nifty crosses 11200 I won't be taking long Positions.
- I will be Bullish only when major resistance areas gets taken out and we sustain.
- Because when Market falls it falls with high steam and when it goes up the speed is of tortoise.
- This is a sell on Rallies Market now.
- Sell on Rallies until you get a clear Breakout.
- Many countries Considering to Lockdown again.
- Corona Virus vaccine getting postoponed.
- Also U.S elections around the Corner.
- Everything would lead to high Volatility until Diwali.
- Will look to sell Call options in Banking stocks on Pullbacks.
- Nifty might Trade between 10800-11000 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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