- US markets closed at fresh all time high Yesterday.
- Dow Futures are now mildly higher.
- SGX Nifty is trading around 14850.
- Markets have been fairly Rangebound for last Expiry.
- India VIX has also fallen.
- Options Premiums indicating a fairly ranging Market ahead with a positive bias.
- Yesterday U.S announced waiver of Intellectual property rights on Vaccines.
- This has come as a positive news and after many days of selling by FII's , Yesterday was their first significant buying day.
- Weekly jobless claims came better than expected and lowest post pandemic figure.
- This is a very important data reported by the U.S.
- Today HDFC twins are set to declare results.
- Market expecting good numbers from both these stocks.
- These both stocks will decide today's action in indices.
- Do not carry Positions over the Weekend without hedge.
- This week's expiry is a truncated expiry as we have only 4 working days as Thursday being a holiday.
- So options premium are low already.
- Fed made a statement saying there is a significant rise in asset classes and they are vulnarable for a sharp correction.
- RBI had come up with a similar statement when Nifty at 12k saying there's excess liquidity due to which Markets are higher and fundamentals not that great.
- But Market went to 15k.
- In Bull Market all the Negative news get ignored and in Bear Market it gets Amplified.
- Nifty might Trade between 14680-14940 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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