- U.S Markets closed mixed yesterday.
- Right now U.S futures & Asian markets are mixed.
- SGX Nifty is at 17200.
- Dow Jones is just few 100 points away from all time high.
- Yesterday after many many trading days we had stability.
- Nifty for the whole day traded within just 70-100 point range.
- Same goes with Bank Nifty as well.
- Yesterday was a very quiet and a flat day on the indices.
- 17200 PE added more than 30L contracts yesterday.
- It closed near 50 points yesterday.
- So these writers are safe upto 17150.
- As long as we hold 17150 there should be some positivity.
- Once we break 17150 then we could have more downfall as these writers would run for cover.
- Surprisingly the premiums are too less now.
- 17200 PE which is just 30 points away from spot is at 50 when we have 2 days left
- Such sort of premiums are generally on Wednesday afternoon.
- Reason is the India VIX.
- India VIX has crashed and that's why premiums are dropping significantly.
- FII's for the first time after 32 trading sessions have bought yesterday.
- Though it was just 200 crores but they were net buyers.
- Nifty might Trade between 17100 to 17300 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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