- U.S Markets closed higher on Friday.
- Right now , Dow Futures are flat.
- Asian Markets are mixed.
- SGX Nifty is Trading near 16800 now.
- 16700 was a resistance for Nifty.
- Market closed Exactly near the resistance on Friday.
- Previously as well I've mentioned that Big players generally do not give a chance for Small players to enter in such situations.
- Generally when Breakout has to happen it happens with a gap up.
- Today it's Exactly the same.
- Jerome Powell the U.S Fed Chairman indicated that the Tapering process would begin by the Year end.
- Also he Cleverly indicated that Interest rates would not be hiked in near future.
- When I was a Child I used to love Chocolates.
- So my mother used to add a tiny pinch of Chocolate to Healthy food and make me eat.
- Jerome Powell has done exactly the same & Market as of now had a relief.
- Tomorrow we have the Most Important GDP data coming up.
- U.S Fix on Friday crashed more than 10% and crashed below 16.
- India VIX is the range of 12-13.
- Historical low for India VIX is 10.
- We are almost approaching the Historical low now and Premiums are not attractive.
- Option writers have to trade sensibly in such Scenario.
- VIX coming down from high is Positive whereas VIX going up from lower levels in Dangerous.
- As and when Resistance breaks it becomes a support.
- Today if we sustain over 16700 then 16700 can be a good support for this Expiry.
- Nifty might Trade between 16700 to 16880 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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