- U.S Markets until 1 pm IST were trading lower yesterday.
- After 1 pm there was a short covering rally and Dow closed 300+ points higher.
- Fed Decision was as per Expectation.
- Most Importantly , U.S VIX crashed 12%.
- Due to this Fed Uncertainty VIX has increased in India as well.
- Yesterday in last 30 mins Put option premiums shot up heavily.
- Now as the Uncertainty is over , premiums have been reduced in U.S.
- It was a relief rally yesterday in U.S
- Now U.S Markets may move towards Santa rally.
- SGX Nifty is at 17350.
- Most Important Question is will the Gap up sustain?
- 17350-17375 is the key today.
- If we sustain above these levels for 30 mins then likely we will be having a follow through kinda day.
- Else FII's may sell into the same later during the day.
- 17300 CE added huge open interest yesterday.
- Hence if Market starts sustaining these sellers would be in trouble and would propell Market even higher.
- First 30 minutes no trade should be taken and once should be observing the price action unfold.
- After Clarity , decision can be taken.
- FII's selling is accelerating day by day.
- Yesterday they have sold for more than 3400 crores.
- Nifty might Trade between 17250 to 17500 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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