- U.S Markets closed higher Yesterday.
- Asian Markets were higher.
- SGX Nifty right now is at 17780.
- Talk of the town is Moody's upgrade.
- 2 years ago Moody's had rated a Negative outlook for India.
- Yesterday they have changed their stance and have changed it to stable.
- This is a positive local news.
- Yesterday I had mentioned that any dip due to Global cues should be bought into.
- Market opened 30 points lower Yesterday and it was a perfect buying opportunity.
- We have crossed important resistance of 17750 on Nifty.
- 17750 had the highest open interest in weekly options & these writers had to run for cover Yesterday.
- Our Market is fairly strong and every dip is a buying opportunity.
- 18000 for the Nifty is on the cards and Market will surprise you on the upside.
- Reliance led the rally after 2 pm.
- Reliance was up 2% yesterday after 2 pm and this led to large rally.
- PSU Bank's especially SBI looks strong and can reach 500 in short term.
- India VIX was down another 3% yesterday.
- In October series India VIX has fallen each and everyday.
- Option writers have been enjoying this but now premiums are not that attractive.
- Nifty might Trade between 17720 to 17900 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
Comments