- US markets closed Flat Yesterday.
- Asian markets are slightly Positive after opening negative.
- SGX Nifty now up 20-30 points.
- Last 2 days we had a fantastic rally in the Markets.
- Nifty up 300 points and Bank Nifty by 1500 points.
- Bank Nifty after underperforming for all this time in April has started to outperform in the last week now.
- This has come on the back up of good results from banking companies.
- Axis Bank also declared results yesterday and the numbers look good.
- Today this might create another positive sentiment in Bank Nifty.
- Overall the results season started with a positive note hence the markets are higher.
- Markets are ignoring the Corona Virus news because the Market believes this would be tackled quickly and we will be back to normalcy.
- The price action suggests this.
- FII's have turned sellers for last 2 weeks now whereas DII's and retail continue to pump in the money.
- Sentiment looks bullish in the Markets now.
- Bajaj Finance also came up with decent results after market hours yesterday.
- Tesla Yesterday in U.S Market came with fantastic results.
- All front line companies in U.S have declares good results hence U.S Markets are higher.
- This in turn is triggering positive sentiment in our Markets.
- A big Open Interest has added at 14500 PE &14800 CE Yesterday.
- Expecting this expiry to be between this range.
- If we break 14800 on the higher side then next resistance is 14900.
- Wednesday generally the Markets are very volatile as option writers take fresh postions to make some money before expiry.
- Nifty might Trade between 14560 to 14780 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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