- US markets closed 2% lower Yesterday.
- Asian Markets are all Negative.
- SGX Nifty is now Trading near 13870.
- Yesterday, Fed Chairman Jerome Powell issued a statement saying "POWELL: WE ARE MONITORING THE ASSET BUBBLE VERY CAREFULLY"
- This arose a panic selling in U.S Markets.
- U.S VIX was up 63% Yesterday.
- This was never ever witnessed before in Normal times.
- U.S VIX now Trading above 30.
- Yesterday we broke critical support of 14k & today there should be a gap down Opening.
- This is a huge global sell off.
- We are leading this Global sell off.
- Both FIIs and DIIs were net sellers in the market for last 3 trading sessions.
- I was warning to be cautious as we had a vertical rally in Markets.
- When there are one way vertical rallies , the fall is also severe.
- FIIs are selling aggressively in F&O also.
- But still I feel this is a Bull Market Correction.
- These type of Correction are often witnessed in a Bull Market.
- Unless we get clear Macro signs of a reversal we are in a Bull Market and you shouldn't deny the same.
- Today's plan is to sell 14000 & 14050 Call options Intraday on every rise.
- As we are now in a sell on rallies mode.
- Every rally will be sold into.
- Long term we are in a Bull Market but for a very short term things looking scary for Bulls.
- Even a long term Investor should know to hedge & sell Options to cover damage.
- Otherwise whatever returns made while being patient over a longer time can be lost in a week.
- Nifty might Trade between 13780-14020 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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