- U.S Markets closed yet at another record high Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are higher.
- SGX Nifty is Trading near 15750.
- From Last 4 days , Markets have been going higher in the first half or opening with gap up.
- Yesterday too we had a small gap up but was heavily sold into through out the day.
- Yesterday was the 4th Consecutive day where markets closed lower
- FII's are on a selling spree and have sold more than 1000 crores on a daily basis since a week now.
- DII's keep supporting the market at lower levels.
- Our Market isn't bearish and is still Consolidating.
- Range now has been 15700 to 15900.
- This is the near term range and larger range is 15500 to 16000.
- Within this range Market is trading with some swings.
- Yesterday was one of the flat expirys ever.
- Bank Nifty traded in 200 point range whereas Nifty in 50 point range.
- Option sellers had a good day yesterday.
- As premiums are too low now this is reducing Volatility too.
- Option writers should also focus on Trading Intraday and not carry significant positions home.
- For this weekly expiry calls have been written aggressively.
- This week might also be a Consolidation.
- From the next week , Corporate results will start coming in and that can trigger some move.
- Nifty might Trade between 15680 to 15860 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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