- U.S Markets closed lower Yesterday.
- Right now Dow Futures are higher.
- SGX Nifty is near 17420.
- Yesterday the Markets opened above 17400 and also sustained for first half.
- In the Second half it was Volatile and we witnessed slight profit booking.
- Nifty closed below 17400 Yesterday.
- Today also I feel that this Gap up on a close to close basis might not hold on.
- 17250 to 17450 is the range for Nifty.
- Yesterday SGX Nifty made a high of 17450 as U.S Inflation data was according to the Expectations of Market.
- As soon as U.S Markets opened , there was a heavy profit booking.
- Today also I expect Nifty to be Volatile between 17250 to 17450.
- The Plan for today is to sell 17000 and 17100 Put Options of Next week Expiry.
- Provided if Nifty comes to 17300-17250.
- I won't be selling Call Options as I expect a Breakout on the higher side in due course.
- Premiums are too low now as VIX closed lower Yesterday.
- Right now it's not favourable to sell Options.
- As VIX inches higher and there's a big swing in the Market that would be favourable to sell Options.
- Bank Nifty is totally sideways and is going nowhere.
- It goes up one day comes down another day trading at same levels towards the day.
- Nifty might Trade between 17250 to 17450 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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