- U.S Markets closed flat on Friday.
- Right now , Asian Markets are higher.
- SGX Nifty is at 17900.
- TCS has declared results over the weekend and the results seem sub-par.
- We cannot judge how a stock reacts just after results as it depends on the long -short position existing during that instance.
- IT Stocks have run up quite a lot factoring in good results and now any sort of disappointment could be damaging.
- Over the weekend Reliance announced Takeover of Solar company.
- It was done to tighten its grip in the power sector.
- 18000 CE has the highest open interest in weekly as well as monthly expiry.
- Despite Nifty going to 17940 on Friday , open interest kept adding.
- These sellers are quite confident on Nifty not taking out 18k soon.
- If by any means 18k gets taken out , Market will rally 100-200 Points in no time.
- All these writers could be trapped propelling the Market higher.
- RBI Policy as expected was status quo on Friday and INDIA VIX fell considerably.
- Option premiums on both the sides are very low for October series.
- We have 12 trading sessions in October now as we are having two public holidays.
- Decay will be faster citing the same.
- Any dip close to 17850-17800 is a buying opportunity.
- Look to build positions on dips towards the long side.
- 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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