- U.S Markets closed lower yesterday.
- Bank of England hiked the interest rate due to Pandemic.
- U.S reported highest number of COVID cases yesterday.
- Even though Accenture reported stunning results yesterday , Nasdaq was down 2%.
- Yesterday expiry showed the poor performance of our Markets.
- There was a huge gap up but it was sold into heavily.
- Nifty couldn't even hold onto the gains for an hour
- SGX Nifty right now is at 17290.
- Today the most important level to watch out is yesterday low and high.
- Yesterday low was about 17190 and high was 17370 thereabouts.
- Within these levels Nifty would be in a rangebound territory.
- Once if any of these levels gets taken out and it sustains then we can expect a trending move.
- India VIx was down 8% yesterday and option premiums are too low.
- Specially the Put option premiums are too low.
- No point in selling put options at such low premiums when FII's are all out to sell Indian markets.
- Yesterday last 30 minutes buying helped Nifty to recover 80+ points else we would've closed negative.
- Nifty might Trade between 17100 to 17400 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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