- U.S Markets closed higher Yesterday.
- Right now Dow Futures are lower.
- Asian Markets are down.
- Asian Markets like Hang Seng & China recovered yesterday but now both are lower.
- SGX Nifty is trading near 15740.
- Yesterday we had a normal expiry.
- There were no big moves and market was highly rangebound.
- For whole of July series our Markets didn't go anywhere.
- We closed exactly at the same place we closed in June.
- June expiry Nifty was at 15800 and July expiry it's the same as well.
- Nifty traded in a very narrow range of 300 points for whole of July.
- Bank Nifty within a thousand point range.
- Consolidation is good for Bull Market in the Long run.
- My only worry is the Stocks are rising but the Earnings ain't catching up.
- Bull Market can run and can go high on hope but earnings have to catch up.
- If earnings are not catching up it's difficult for the rally to survive.
- Be very specific in this Market from now.
- Buying Junk Stocks can make you lose what you made in a matter of few weeks.
- This Market looks tired to me at higher levels.
- We need some trigger to get out of this range.
- FII's have been selling for more than 2000 crore on a daily basis.
- Market is withstanding the Heat only because of DII's & Retail people.
- Option sellers need to be extra cautious in this Market while carrying and selling options.
- Premiums and VIX are too low and any sudden news can shoot up the Premiums.
- Im applying a mix of sell and buy strategies with primary trade of buy side.
- Do not think of selling naked options in this Market.
- Nifty might Trade between 15640 to 15820 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
Comments