- U.S Markets were higher Yesterday.
- Asian Markets were higher too.
- Right now Dow futures are flat but Asian Markets are higher.
- SGX Nifty is Trading near 17900.
- Friday and Monday (Yesterday) markets opened gap up and the same has been sold into.
- Yesterday there was a decent gap up but Intraday Nifty tested 17800 and recovered from there.
- 17800 PE & 18000 CE has the highest open interest in options.
- Yesterday 17900CE also added some open interest.
- For some reason if Market does cross 17900 to 18000 then 100-200 Points rally is likely on the cards.
- India VIX shot up 8% Yesterday and closed above 18.
- Premiums have been rising for far away Options due to the same.
- Auto Stocks have performed reasonably well Yesterday.
- IT Index was down 3% and kept Nifty under pressure.
- Sectoral Rotation is common in Bull Markets.
- As the Economy is opening up money is being shifted from IT (Work from home) companies to Hotels , Holidays , movie stocks etc.
- Expect Nifty to trade within 17800 to 18000 today as well.
- We need some trigger to get out of this narrow range.
- Previously , whenever such range has developed Market has broke out on the higher side.
- In short term due to Expiry , Volatility there might be some erratic moves.
- Medium - Long term outlook is definitely bullish.
- Nifty might Trade between 17800 to 18000 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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