- U.S Markets closed lower yesterday.
- Right now U.S Markets and Asian markets are lower.
- SGX Nifty is trading near 18220.
- In spite of big fall in Global Markets , SGX Nifty is still down just by few points.
- Yesterday was a very rangebound expiry.
- We had a short covering in the end but it was mostly rangebound only.
- IT index was flat throughout.
- Infy had come up great set of numbers and everybody expected a rise in prices.
- But a small gap up also got sold into.
- Usually , on the expiry days moves get restricted because of option writers.
- Real action begins on the day after expiry.
- Today's action is important to watch out for.
- 18300 straddle added huge open interest yesterday.
- 18000 PE also added good open interest in monthly as well as weekly.
- Yesterday I gave a swing trading set up on Nifty.
- Buy at 18200 with stop of 18k and targets of 18400 and 18600 (1:2 risk reward).
- This set up still holds well.
- Nifty might Trade between 18140 to 18360 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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