- U.S Markets closed lower yesterday.
- Asian markets and Dow futures are lower right now.
- SGX Nifty is indicating 20-30 point lower opening.
- There is only one word to describe these markets.
- That is Volatile.
- Markets are on a serious Volatility in November series.
- I've seen Corona Virus , Nirmala Candle , Taper Tantrum etc and handled well.
- But this November Volatility is too much.
- 17800 is the next support for Nifty.
- Bank Nifty is too weak.
- Friday's low has been breached for both Nifty and Bank Nifty.
- We have a long weekend coming so traders wouldn't like to carry their positions on weekend.
- Expecting a high volatile expiry today.
- Bank Nifty Feb high was 37700.
- After this Bank Nifty fell a bit went to 41800.
- All these gains have been wiped out in just few weeks.
- 18000 CE has added huge open interest in both weekly & monthly options.
- These levels are not likely to breach today.
- Short term view is bearish.
- I'm selling only call options now with hedge.
- Nifty might Trade between 17750 to 17950 today.
- Any bounce towards 17950 to 18000 should be sold into.
- 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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