- U.S Markets closed 200 points higher yesterday.
- Asian markets are flat to negative now.
- SGX Nifty is up 20 points.
- Yesterday our Markets were highly volatile.
- As soon as Market opened Nifty crashed 250 points at the open.
- This has been a regular feature as soon as our Market opens.
- This huge selling happens because of Machines.
- Machines are much faster than humans and we cannot stand in front of them.
- Nifty yesterday tried to break 17200 but failed.
- What's more worrying is Bank Nifty.
- Bank Nifty fell 20% from highs and is in a Bear Market now.
- Yesterday advance decline ratio was also very weak.
- 420 advances to 1570 declines shows a very weak advance decline ratio.
- Clearly momentum is lacking on the upside.
- This is a sell on rise Market until Nifty crosses and closes above 17250 in the near term.
- 17000 is the highest open interest in put options.
- Both in monthly and weekly expiry.
- So this could act as a support.
- I'm expecting a rangebound Market now.
- 17000 to 17250 is the range for now.
- And expecting this to continue for some time.
- FII's have been selling on a daily basis of 3000+ crores.
- 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...
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