- U.S futures were down 2% in our trading hours Yesterday.
- This caused a big sell off in the Markets.
- U.S VIX was up 15% Yesterday.
- India VIX slowly inching higher.
- Market is collapsing quickly now a days.
- Reliance was a major contributor for Yesterdays fall.
- Reason of huge sell off in Reliance was Amazon had won the Arbitration case.
- Now U.S futures are mildly positive.
- SGX Nifty is Trading around 11825.
- The range of 11700-12000 continues to hold.
- Markets trading Violently within this range.
- As its monthly Expiry , Expecting a big move.
- Which side this move will come , time will tell.
- If Markets feel like Second Wave of Corona Virus is getting into India.
- The fall would be much more severe.
- Many foreign countries have been already witnessing second wave panic.
- India VIX if crosses above 30 then Option sellers should be very very careful.
- VIX above 30 indicates huge Volatility.
- Reliance is a big heavy weight in Nifty it has to perform well for markets to go higher.
- Right now it's just a ranging Market.
- Nifty might Trade between 11720-11900 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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