- 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 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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