- U.S Markets closed lower yesterday.
- Right now U.S Futures are higher.
- Asian Markets are mixed.
- SGX Nifty is almost flat.
- Yesterday we witnessed a big panic selling in the first hour.
- Bank Nifty down 600 points at one point.
- Nifty down 200 points.
- Gradually we started recovering & also there was clarification from Adani group that demat Accounts were not frozen.
- This let to a short covering in Markets.
- I mentioned Yesterday that Adani group news shouldnt have much effect on Markets.
- The Market is at all time highs and any Negative news will be reacted fiercely.
- That's what happened yesterday.
- The most surprising thing yesterday was even when Markets crashed option writers didn't sell call options to manage.
- Instead they sold more Put options.
- This shows the confidence of Bulls.
- 15700 & 15600 PE added large open interest yesterday.
- FII's long position is over 85% in Index Futures.
- I don't see any reason to be Bearish in near term.
- Every dip is an Opportunity to buy.
- Once we sustain above 15800 on Nifty and 35k on Bank Nifty this will lead to further short covering.
- Those who shorted yesterday will be trapped today.
- Nifty might Trade between 15720-15880 today.
- Bank Nifty might Trade between 34800 to 35400 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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