- US markets closed at all time high.
- U.S Markets have broken out from a ranging scenario.
- But Asian markets are Underperforming U.S Markets.
- Asian Markets are flat/Negative.
- Yesterday we witnessed an intense selling in the first hour.
- This selling magnified during the day.
- I would term it as a Panic selling.
- Due to highest number of cases , gradual lockdown rules in some states.
- Covid 2nd wave fears there was a big selling Yesterday.
- FII's were net sellers Yesterday.
- DII's also didn't come to support the Markets at lower levels.
- Bank Nifty was the Culprit.
- All Financial stocks were targeted and surprisingly even after such a big fall IT index was Positive.
- So the target was Financial stocks.
- I feel Yesterday was a knee-jerk reaction and a bit of Panic selling.
- I had warned Yesterday that Volatility may tap up.
- I have been observing from last 3 Months whenever SGX Nifty closes around 20 , the next week it jumps higher.
- Those who sold Put Options Yesterday will be having a tough time.
- Yesterday's low of 14500 will act as a good support for the rest of this Expiry.
- 15000 CE has the highest open interest.
- If 14500 breaks then we will witness 14250.
- As of now I'm selling Call Options on every bounce using 50% of my Capital.
- If 14500 breaks I'll be selling CE's aggressively.
- Nifty might Trade between 14460 to 14740 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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