- 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 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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