- 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 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
Comments