- U.S Markets closed higher Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are mixed.
- SGX Nifty is trading above 15800.
- From Last couple of days , we are opening higher but witnessing profit booking during the day.
- This is due to FII's.
- FII's have been selling consistently since past many days.
- DII's and Retail People have been supporting this Market.
- Market is not actually bearish but it's been tiring at higher levels.
- Some trigger is expected to take the markets higher above 15900.
- Next talk of the town in India VIX.
- India VIX yesterday firmly broke 13.
- Now the option Premiums are very very low.
- Even in the Money options are at too little premiums.
- This cannot continue for long.
- Option sellers now have become very easy and selling very near options.
- As and when VIX rises , these will be trapped.
- Low VIX also indicates dull Market.
- Market is very dull now and Movement is very slow.
- Yesterday I slept looking at trading screen as it was too boring.
- Nifty has highest open at 15700 PE & 15900 CE.
- These levels might act as good support and resistances for this Expiry.
- Im selling options even now but for very small targets and short time.
- Not holding it for too long and exiting mostly Intraday.
- Usually Wednesdays are Volatile and I expect some Volatility to kick in today.
- Nifty might Trade between 15700 to 15900 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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