- 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 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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