- U.S Markets closed lower Yesterday.
- This is due to Tensions floating in Afghanistan.
- Asian Markets were negative yesterday during the Trading hours.
- Now , all of them have recovered.
- SGX Nifty is Trading around 16650.
- It is safe to say that Indian Markets are outperforming the Global Markets.
- August series continues to be dominated by the Bulls.
- Yesterday evening , a news emerged that RBI has allowed HDFC Bank to issue Credit Cards.
- HDFC Bank has been underperforming from quite a long time due to RBI restriction.
- This temporary lift of Ban might trigger some Positivity in the Stock.
- Bank Nifty might outperform today as HDFC Bank has the highest weight in Bank Nifty.
- Lot of calls have been written at 16600 and 36k for Bank Nifty.
- Yesterday's last 30 mins rally in the Markets have caused a trouble for these people.
- 16500 straddle also has the highest open interest.
- So if Market sustains the Positivity we might see unwinding of these Call writers which will further take the Market higher.
- Premiums are already too low so one can shift to monthly expiry contracts.
- IT sector has outperformed yesterday and it should continue the momentum.
- Bank Nifty is the key today , if Bank Nifty sustains above 36100 then this will carry Nifty single handedly.
- Nifty might Trade between 16520 to 16700 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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