- U.S Markets closed lower Yesterday.
- Right now , Asian Markets are flat.
- SGX Nifty is at 17880.
- We are likely to have a gap down opening today.
- 17800 PE added high open interest yesterday.
- This should be a strong support for the Markets.
- Dips should be bought into with a stoploss of 17800 on Nifty.
- Bank Nifty outperformed Yesterday and took Nifty higher.
- IT index fell 3% yesterday still Nifty managed to cross 18k.
- 17800 to 18k is the range for Nifty in short term.
- Expecting some recovery in the IT Sector from here.
- TCS results were good but the street expectations were too high.
- Tomorrow , Infosys is coming with the results and that's going to be an important event for the Markets.
- Sectoral Rotation has been happening and money is being from IT sector to Banks.
- That's the reason of outperformance of Banks yesterday.
- 18000 CE continues to have high open interest inspite of nifty crossing 18k yesterday.
- Nifty might Trade between 17800 to 18040 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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