- U.S Markets closed lower Yesterday.
- Most importantly , S&P 500 VIX closed above 25.
- 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 lower now.
- Just a few days ago , Nifty made a high of 18350.
- Yesterday's low was 17650.
- This is a massive correction of 700 points already.
- We are correcting because of Global Markets.
- A good thing happening due to this is we are going into Budget with less optimism.
- A positive or a no negative budget can turnaround this Market.
- Until then , I think we have to bear this pain.
- Yesterday was a downward trending day with last hour providing short covering rallies.
- Next support for nifty now is at 17500.
- Yesterday SGX Nifty hit a high of 17900 as Dow was up 500 points in first half.
- In 2nd half Dow fell 900 points from high and SGX crashed to 17700.
- Nifty might Trade between 17500 to 17800 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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