- US markets closed slightly positive yesterday.
- Right now , U.S futures are also Trading higher.
- SGX Nifty is Trading near 15000.
- Yesterday in the first half our Markets fell Drastically.
- It slowly started to recover in the second half.
- The issue right now is the India VIX.
- India VIX keeps rising as there is a fall in the Market.
- Friday it was up 8%.
- Yesterday up 4%.
- Option prices are very high currently due to higher VIX.
- Volatility is also extreme.
- Moves are very fast and violent.
- Calls above 15200 have been written aggressively.
- Do not expect Market to go much higher from here at least for this expiry.
- 14500 PUT also has good amount of open interest.
- So not expecting Nifty to go below 14500.
- Nifty might Trade between 14860-15080 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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