- U.S Markets were closed Yesterday.
- There was a labour day Holiday Yesterday for U.S Markets hence not much Global cues.
- Asian Markets are mixed.
- Hang Seng is up while China is down Slightly.
- Dow Futures are slightly higher.
- SGX Nifty is Trading at 17420.
- Yesterday was a very flat day.
- Frontline indices consolidated throughout the day.
- The significant event was FII's have sold Yesterday.
- This came after 2-3 weeks of continue buying.
- This might be due to holiday in U.S hence they sold.
- Whether it's a trend reversal or not we have to see today.
- IT Stocks are on another planet in our Market.
- There has been a Non - Stop rally in IT Stocks.
- Wipro was the outperformer Yesterday.
- Bank Nifty continues to underperform.
- 17200 is a strong support for our Market in short term.
- Any sort of dip should be bought into and can be used to sell Put Options.
- Reliance after crossing it's all time is showing momentum.
- Short term target for Reliance opens up to 2600-2700 and this might come in September itself.
- I've sold 2300 & 2200 Put Options in Reliance for September expiry.
- Nifty might Trade between 17320 to 17520 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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