- U.S Markets closed 450 points lower yesterday.
- Surprisingly , Asian markets are outperforming Global Markets.
- Right now Dow futures and Asian markets are higher.
- Yesterday U.S Markets were trading higher for most part.
- News broke out regarding an Omicron case found in California.
- This caused huge panic selling.
- U.S VIX crossed 30 yesterday.
- VIX above 30 is a red flag and one has to be careful.
- Yesterday for the first time after many sessions we had a stable closing.
- Bank Nifty closed strong and showed some momentum.
- Nifty at one point witnessed selling but was bought into from lows.
- Smart money has been shifting from Global Markets to Asian markets.
- Asian Countries haven't discovered an Omicron case yet.
- I expect Markets to consolidate for some time now.
- 17000 to 17300 could be the range.
- Unless any fresh news or triggers are emerged this range could play out for 2-3 trading sessions.
- Bank Nifty looks strong and 36000 is a good support.
- Put option premiums are quite high whereas Call options are not that attactive.
- FII's have sold about 2700 crores yesterday but DII's have bought for 3400 crores.
- Nifty might Trade between 17050 to 17250 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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