- U.S Markets closed lower yesterday.
- Right now Asian Markets are mixed.
- SGX Nifty is flat at 18220.
- Yesterday it was a boring Market until 2 pm.
- Last 1 hour , Nifty fell 100 Points and Bank Nifty by 200 Points.
- This is due to huge FII selling.
- FII's have been booking profits heavily and have sold more than 12k crores in last 5 trading sessions.
- Due to such heavy selling market is trading violently between 18000 to 18500.
- In spite of such big selling by FII's Nifty is down by only from 300 Points from all time high.
- This is because the DII's and the retail keep supporting Market as lower levels.
- Yesterday all the Banking stocks witnessed heavy profit booking.
- Axis Bank came out very good results but it fell 6% thereafter.
- Predicting stock specific move after results is too tricky as it all depends on F&O positions lined up.
- Expecting November to be a very boring month for trend followers whereas highly profitable for option sellers.
- Expecting VIX to crash below 15 sometime in November and Markets to consolidate.
- Consolidation to happen with slightly positive bias.
- Today expiry could be volatile after 1 pm and usually the monthly expiry are very volatile.
- IndusInd Bank has also come out very good results yesterday.
- Nifty might Trade between 18100 to 18350 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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