- US markets closed higher Yesterday.
- Right now Dow Futures are also higher.
- Asian Markets are mostly Positive.
- SGX Nifty indicates a gap up of 100 Points.
- It's amazing how the perception changes.
- On Friday when Market fell everybody was talking about Interest rates , Inflation etc.
- Now when Markets are rising , talk is about Stimulus , GDP etc .
- As I always say , Bears last for only 1 day in Bull Market.
- Bulls come roaring back the next day.
- Every Correction is an Opportunity to go long in Bull Market.
- Yesterday we fell a bit due to Intraday Volatility but then closed at the high Point of the day.
- Bank Nifty was volatile between 35000 and 35500.
- The Good news is that India VIX has fallen 10% Yesterday.
- Put Options premium fell by 70-80% for weekly options Yesterday.
- I'm looking to sell 14300 PE on every dip on Nifty.
- 15000 is a resistance going ahead and the next resistance is 15200.
- These 2 are important levels to watch out for on the upside.
- GDP data was at 0.4 on the Expectation of 0.5 which is not quite bad.
- Hence Markets reacting positively now.
- Nifty might Trade between 14820-15040 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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