- Dow fell around 800 Point's Yesterday.
- Dow future are up 1% now.
- So SGX Nifty was recovered a bit from lows.
- Now trading near 11700.
- Today is the Monthly Expiry.
- So it's expected to be quite a Volatile trading session.
- U.S VIX has crossed 40 , India VIX is likely to cross 30 this depicts the Volatility we have to face.
- 12000 seems to be quite a big Resistance now and according to me it won't be crossed so early.
- Trade remains to sell on Rallies.
- Sell off's are quite sharp and violent.
- FII's have turned net sellers and sold quite a big amount Yesterday.
- DII's are constantly booking profits at higher levels.
- World markets are worried about the 2nd wave of Corona virus.
- There has been no development in Vaccine now.
- Stimulus cancelled until U.S Elections.
- All bad news are striking markets door now.
- Traders need to be highly cautious now.
- Specially option writers need to very cautious.
- Whatever it is , settle your Positions Intraday
- As the gap ups and gap downs may be quite large in risking VIX Environment.
- Nifty might trade between 11580-11820.
- First hour in very critical today.
- If we break Yesterday's low there will be huge sell off again.
- If we don't , thennwe may expect a Consolidation and trading based on global markets.
- 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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