- US markets closed Positive after quite some time yesterday.
- Asian markets are also recovering.
- SGX Nifty is higher by 120 Points.
- Yesterday was the Most Volatile Expiry I've seen in my entire lifetime..
- Bank Nifty opened Positive then went down 1000 Points , recovered 1000 Points post 1 pm and then after 2.45 fell 700 Points.
- This type of Volatility is Unbelievable and quite insane.
- Yesterday I mentioned that my view is Bearish / Neutral.
- So the idea was to sell Call options and it made fantastic return Yesterday.
- Yesterday was the first month after March 2020 where Nifty has closed Negative.
- FII's have turned net sellers now.
- This is the time to stay cautioned.
- Look for Sharp bounces to sell Into.
- April is a long series and it has 5 weekly expirys.
- Yesterday we fell a lot more due to Expiry issues.
- Expecting Markets to recover around 14400-14500 in the short term.
- Nifty might Trade between 14220-14480 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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