- U.S Markets closed 900 points lower on Friday.
- Right now Dow Futures and Asian markets are higher.
- SGX Nifty is up 80-90 points.
- Last Friday was the worst day of the year for all the asset class.
- All markets fell and it was a bloodbath.
- Equity Markets fell drastically , the pace of the fall was surprising.
- India VIX was up 25%.
- There was a panic in all markets and all over the World.
- Over the weekend there were many positive and negative news over omicron.
- I have a noticed one change in trading than I used to do before.
- After the popularity of Algo trades , the Volatility is rising exceedingly.
- Machines are much faster than humans.
- Just placing numbers in machines and then the pace towards down side rises at a rapid pace.
- So Stoploss is a must now.
- Never stand in front of machines trading.
- Frankly speaking , currently I don't have a view on Market.
- Market is solely news driven.
- The news coming related to Omicron and Vaccines will drive markets for a short term now.
- However I feel Market reaction on Friday was too much and the issue of Omicron is not such big.
- My only worry for December is FII selling.
- FII's are selling non stop as if there is a crisis going on.
- The pace and the numbers at which they are selling is blowing out of proportion.
- Friday was the start of December series and they have sold heavily in Cash Market , futures and Indices.
- This is a worrying data as far as Bulls are concerned.
- My shorter range is 17000 to 17250.
- One should not be bullish unless we close above 17450 on Nifty.
- Until then Nifty is a sell on rise.
- So advice for the day is do not get overconfident that a bottom has been made blah blah and don't panic that Nifty would crash from here.
- Trade levels , respect stoploss and if confused stay out.
- Nifty might Trade between 17000 to 17250 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...
Comments