- U.S Markets closed higher on Friday.
- Right now Dow futures are higher.
- Asian markets are flat.
- SGX Nifty is up 100 points near 18200.
- FII's have been relentlessly selling for whole of November.
- Until they changed their mind on Friday.
- Friday for the first time FII data was positive and this led to a huge short covering in the Market.
- Market was highly volatile in whole of November.
- Friday we opened with a gap up hit 17900 and then zoomed towards 18100.
- 18100 was a very important level as it was the upper range for the month.
- Now we have closed at the upper range and today's gap indicates that Market has broke out.
- 18300 and 18420 is the next resistance for Nifty.
- Bank Nifty has huge call writing at 39000.
- Today's gap up might be somewhere near this range and if call writers start to wind up , then we might see a rally there as well.
- Today is a very important day to watch for FII data.
- We need to confirm whether its a continuous buying or just one off day on Friday where they have bought.
- 18000 PE has the highest open interest now in weekly and monthly.
- I was Bearish on Friday but Market proved me wrong and now I'm neutral / slightly bullish.
- Nifty might Trade between 18100 to 18300 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
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