- U.S Markets closed Slightly higher Yesterday.
- Asian Markets were on fire Yesterday.
- Particularly , Hang Seng and Chinese Markets.
- After Afghanistan issue , Asian Markets witnessed heavy profit booking.
- Now , all of the losses have been refovered.
- SGX Nifty is near 16650 now.
- Coming to our Markets , India VIX again crashed Yesterday.
- Right now , the option premiums are too low.
- Bank Nifty witnessed heavy buying Yesterday.
- FII's were net buyers.
- When FII's buy , they buy HDFC twins.
- Both HDFC Bank and HDFC Ltd witnessed significant buying Yesterday.
- HDFC Ltd closed lower but recovered from low point of the day.
- HDFC Bank , after Credit card Announcement has been performing very well.
- Today is Wednesday and remember Wednesdays are highly Volatile.
- Option writers take positions and trades get taken considering expiry.
- This Makes Wednesdays Volatile.
- I expect first half to be quiet but 2nd half to be Volatile today.
- Have to see what's in store today.
- Expecting 16700 to act as a stiff resistance for this Expiry.
- Support has now been shfited to 16500.
- Bajaj Finance is the star of the show in this Market.
- When there is doubt about Efficiency of companies.
- Quality companies witness buying.
- NBFC space is prone to lots of risk due to past history of scams etc.
- Nifty might Trade between 16480 to 16680 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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