- US markets closed lower Yesterday.
- Stimulus has been delayed and there has been no news.
- So due to this there was some profit Booking.
- Asian markets are mostly Negative.
- SGX Nifty is Trading near 12000.
- Meanwhile , Infosys has come up with Terrific results.
- Wipro results were not that Great so we Witnessed profit booking in IT Stocks Yesterday.
- Infosys results look very good.
- Will be Noteful to see how the stock will react to the same.
- First hour is very critical for our Markets today.
- If we spend some time above 12k then possibilities of 80-100 points upward movement open up.
- 12000 CE has got the highest open interest in weekly options.
- Yesterday Market reversed significantly in last hour.
- Nifty and Bank Nifty Rallied by a percent each.
- Generally Expiry days we witness some big Moves.
- Today's movement will be Noteful to see.
- Momentum is so strong towards Upside.
- Trade remains to sell Puts once we cross 12k and Sustain.
- If we do not Sustain above 12k then ITM Straddles for today's Expiry would work.
- Nifty might Trade between 11920-12080.
- 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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