- U.S Markets closed lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15670.
- Yesterday we witnessed a huge profit booking during the day.
- Expiry related issues also contributed to the downfall.
- Expiry related issues means those trading in weekly options have to square up their positions the same day.
- Thus leading to further fall.
- A Positive which we had Yesterday was Nifty didn't break crutial level of 15700.
- 15700 was managed to hold yesterday.
- From last 4 weeks Nifty is trading within 15700 to 15900.
- This is a very narrow range.
- Yesterday we fell due to Global Markets jitter.
- Delta variant cases are growing much faster than expected.
- Some Asian Countries have announced higher restrictions due to the same.
- Today I expect Nifty to test 15700 if it manages to hold on then second half we may witness upmove.
- TCS has declared results yesterday and are good at first sight.
- India VIX shot up 11% yesterday.
- Volatility is likely to increase going ahead.
- Nifty might Trade between 15620 to 15840 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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