- U.S Markets were higher Yesterday.
- Asian Markets and Dow Futures are flat now.
- SGX Nifty is Trading near 17500.
- Yesterday our Markets recovered all the losses of Monday.
- Most Importantly , India VIX fell 6% Yesterday.
- Fear has been subsided now for the short term.
- U.S VIX fell 10% Yesterday.
- Yesterday in the first half our Markets were highly volatile.
- Nifty futures fell below 17400 more than 5-6 times during the day.
- Yesterday when our Markets were trading , Dow futures were higher by 200 Points.
- This subsided the fear in our Markets.
- Yesterday it was a highly Volatile session.
- For this Expiry each and every day has been highly volatile and uncertain.
- Expecting today to be a rangebound day.
- As this Expiry has already been volatile , Wednesday might not be that volatile as they used to be.
- Both FII's and DII's were net buyers yesterday.
- 17500 strike price has the highest open interest in weekly expiry.
- 17300 which was the yesterday's low is a good support for us.
- 17630 is a strong resistance for this expiry.
- I expect Nifty to expire within this range for the this Expiry.
- We have a global event lined up tonight that is FOMC meeting.
- They would be talking about Tapering etc.
- So I advice not to carry heavy positions home for tomorrow.
- Nifty might Trade between 17400 to 17650 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...
Comments