- U.S Markets were about 200 Points higher Yesterday during trading hours but have closed 500 Points lower .
- Asian Markets are lower.
- SGX Nifty is Trading near 17450.
- September was a very Good Month compared on close to close basis.
- Nifty rallied 900 Points in September.
- Currently we are in a situation stuck between very bad Global cues and Excellent local cues.
- Global Markets are in a heavy correction phase ahead of Inflation data tonight by U.S.
- On the Other hand , Tax Corrections , Sector Growth data have been excellent locally.
- Generally , gap downs due to Macro news offer a good opportunity to buy into.
- I'm Expecting the same for today.
- This gap down is a good buying Opportunity for short term traders and long term investors.
- October series I'm Expecting a positive situation for our Markets.
- Auto Sales data are going to come out today.
- I do not expect them to very good and that seems to be priced into the prices.
- Markets have been highly volatile from last 10 trading sessions.
- I expect Volatility to reduce today.
- Yesterday's expiry was negative due to expiry related issues and today's gap down is due to Global cues.
- 17400 should be a good support for the day.
- Advisable to sell 17000 PE weekly expiry on today's gap down.
- Nifty might Trade between 17400 to 17700 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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