- U.S Markets closed flat Yesterday.
- Right now , Asian Markets are higher.
- Dow Futures is higher more than 100 Points.
- SGX Nifty is at 18250.
- It was a breath taking rally yesterday in our Markets.
- Usually Wednesdays are considered to be highly volatile but yesterday was an easy trending day.
- All the call writers and short sellers had to run for cover propelling the Market higher.
- Generally the gap ups do not sustain but once momentum continues it can go far.
- Chasing today's gap up is not advisable.
- We have already 200+ Points yesterday.
- Let Market come near 17150-17200 to enter once again.
- At October beginning , when Nifty was at 17550 I said that low of 17450 would be a bottom for our Markets.
- At least for October series.
- There's no looking back since then.
- Infosys results were above the street expectations.
- Infosys ADR closed 4% higher in U.S.
- Today we can expect 2-3% gap up in Infosys.
- Yesterday U.S Fed has indicated of beginning the taper tantrum process from November gradually.
- 18200-18300 should be the range for the day.
- 18000 is a strong support on the downside.
- I have sold 18000 PE yesterday for current week , for next week as well as Monthly expiry.
- Nifty might Trade between 18150 to 18320 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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