- U.S Markets closed lower on Friday.
- U.S reported poor job numbers data and that led to selling in the Market.
- Asian markets on Friday and today are outperforming global Markets.
- SGX Nifty is at 17930.
- Market has reversed twice from levels of 17900-17950.
- We are likely to open near the resistance.
- 17900 CE has added good open interest on Friday.
- 18000 CE has the highest open interest both in weekly and monthly options.
- Markets are likely to face pressure at these levels.
- Bank Nifty 38000 CE has added highest open interest.
- This week is going to be quite important for the Market.
- This is because we are going to have lots of news flow.
- India and U.S both will be announcing inflation data.
- IIP data will also be announced by India.
- IT companies are set to declare results on Wednesday.
- This would be coming in after Market hours.
- So this expiry could be turbulant considering all such news in hands.
- 17650 to 17950 is my range for Nifty.
- Unless any of the level breaks on upside or on downside I would like to trade this range only.
- Nifty might Trade between 17700 to 17950 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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