- US markets closed Flat Yesterday.
- Asian Markets are mostly Trading higher now.
- SGX Nifty is up 100 Points.
- This Gap up is likely to be sold into again.
- Technology stocks are seeing huge selling pressure globally.
- TCS has fell more than 10% in last few weeks.
- Yesterday, Asian markets opened positive and then before our markets open, sold off.
- Today, Asian markets opened lower but recovering before our markets open.
- This 100 Point gap up is an easy sell trade.
- These are good risk reward trades.
- Market is highly bearish now.
- But also a good short coveting may creep in.
- India VIX was up 15% Yesterday.
- Put Option Premiums rose Significantly.
- One thing is for sure , Volatility will be huge now.
- Nifty might Trade between 14620-14880 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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