- U.S Markets closed lower on Friday.
- Today U.S Markets are closed.
- Asian Markets are trading lower.
- SGX Nifty is down 70 Points.
- On Friday our Markets have crossed all time highs and unlike before we have sustained at those levels.
- This shows strength in our Markets.
- Another major development was India VIX fell by 10% on Friday as soon as Market opened.
- This shows that the fear is going down.
- India VIX now is Trading below 18.
- So the option premiums are low and markets might not make big moves either side.
- RBI has levied ₹10 crore penalty on HDFC Bank.
- Although this amount is not big for a Bank having a size of 8 lakh Crores.
- In short term this might be some negative sentiment.
- This is still a buy on dip Market and we might Consolidate for some time now.
- While Nifty has crossed all time highs Bank Nifty is still 2500 Points away from its highs.
- Bank Nifty might underperform for 1-2 days but when it turns around it goes big.
- So keep accumulating dips as big move might be round the corner.
- On Friday Nifty was up 100 Points out of which Reliance led Nifty higher by 90 points.
- Reliance was up 6% on Friday.
- If Reliance wouldn't have been there we might have closed flat.
- Also from tomorrow Intraday leverages are coming down so it might effect Volumes.
- Im planning to watch how does this impact the Market and then trade.
- 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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