- US markets touched another record high on Friday.
- Asian markets are majority higher.
- SGX Nifty is down 200 points.
- With Very Positive Global cues we have negative local cues.
- Covid Cases are on the rise. There's no peak to be found near.
- India is struggling to manage and the mishap caused due to their negligance.
- The word Lockdown hasn't been used by Govt but almost all the restrictions are equal to Lockdown.
- Last 2 Monday's SGX Nifty fell 400 Points each.
- Today we have a gap down of around 200 Points.
- The Question is "how much will we fall today"?
- Bank Nifty Is very bearish and almost down 20-25% from its all time highs.
- HDFC Bank has come out with results but they seemed to be below par.
- All these factors would add up to more weakness in the Market.
- On Friday both FII's & DII's were net buyers.
- Puts were written Aggressively near 14500 and 14200.
- This might be a knee-jerk reaction and a panic sell.
- I dont see big fall might happen today.
- One can sell 14100 and 14000 Put options of weekly expiry as ViX would be high and only 3 trading sessions are there for this expiry.
- Wednesday being a holiday.
- Nifty might Trade between 14380-14620 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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