- U.S Markets closed lower Yesterday.
- Most importantly , S&P 500 VIX closed 25% higher.
- This is a disturbing sign of option writers.
- When VIX goes higher put options go higher but CE do not fall proportionally.
- It looks like a short term Correction has begun in U.S Market.
- Asian markets and Dow futures are slightly higher now.
- SGX Nifty is down 50 points near 17900.
- Today we have weekly expiry.
- Next expiry we have only 4 trading sessions.
- Market has reversed from 18350 and now has become a sell on rise Market.
- Selling is so severe in first half as soon as we open.
- Both FII's & DII's are net sellers since last 2 days.
- Looks like retail has to be bear the pain.
- Bajaj Finance after declaring fantastic results scaled all time high yesterday.
- As soon as ATH were hit selling began.
- It fell almost 10% from highs yesterday.
- Hoping some stability today due to expiry etc.
- Yesterday's low of 17880 should be crutial support today.
- 18000 should act as an immediate resistance.
- Nifty might Trade between 17850 to 18050 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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