- U.S Markets were closed Yesterday.
- Due to Martin Luther King Day.
- Yesterday for whole of the day U.S Futures were flat.
- Right now they are flat and Asian markets are slightly higher.
- SGX nifty is up by 10-20 Points.
- Yesterday we briefly broke out of 18300.
- Momentum was slow as global Markets were muted.
- Momentum is likely to pick up in coming time once we sustain above 18300.
- HDFC Bank closed a percent lower Yesterday.
- Everybody expected HDFC Bank to go higher Yesterday.
- Movement of a Stock after its results is very difficult to predict.
- Specially the day after results.
- Expecting both the HDFC Twins to stabilize from today.
- 18300 short straddle added large open interest yesterday.
- Option sellers are playing for a range of 18000 to 18600.
- We have 7 trading sessions left for expiry including today.
- So theta decay will be fast going ahead.
- DII's and FII's were net sellers yesterday yet we closed at the highest point of the day.
- This continues to be a buy on dip market.
- Nifty might Trade between 18200 to 18400 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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