- U.S Markets closed higher yesterday.
- Right now Dow futures are flat.
- Asian Markets are higher.
- SGX Nifty is indicating a huge gap up of 150 points at 18220.
- This is quite a big gap up and also many call writers have been trapped at lower strikes.
- These call writers will face more problem in today's gap up.
- If we open near 18200 it's a good place to take profits off and sit aside for some time.
- We have lots of events today and Market bullishness indicates that insiders might know the outcome.
- These people start building positions before the actual event takes place.
- It's high chances that these events will be Market friendly.
- Inflation data in U.S expected to be 7.1% and I think U.S markets have already factored in the same.
- So even if we get this number markets would likely ho higher.
- IT Stocks are expected to post good results as Accenture has posted good results this Quarter.
- The only worrying problem is rising COVID cases.
- Market fell in panic when Omicron first took its presence in our counrty.
- Soon , Market has realised that the Hospitalisation and impact of Omicron is lesser compared to Delta Variant.
- Hence , we are moving higher.
- FII's are on a buying spree.
- Yesterday both the DII's and FII's were net buyers.
- 18000 should act as a good support for rest of the expiry both on weekly and monthly basis.
- Nifty might Trade between 18100 to 18300 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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