- U.S Markets were closed Yesterday
- Right now Dow futures are Lower.
- Asian markets are mostly lower.
- SGX Nifty is near 17000.
- Suggesting a big gap down start for the day.
- This is due to the ongoing uncertainty around Russia - Ukraine war.
- Markets can handle good news , markets can handle bad news , but Markets cannot handle uncertainty.
- In Uncertain times , the worst gets discounted in the Markets.
- Later when the uncertainty is out Market rallies once again.
- Another disturbing thing is the India VIX going up almost everyday from last 3 days.
- Without any corresponding bad news india VIX going higher is a worrying sign.
- Yesterday VIX closed at 23.
- Today we might close near 24 as we are already expecting huge gap down open.
- 17000-17050 is the first support area for the day.
- Once this gets taken out the support emerges at 16850 -16800 area.
- 17500 has the highest open interest among calls.
- One can try a long trade near 17000-17050 with a stoploss near 16950.
- This a very good risk reward trade.
- Nifty might Trade between 16980 to 17300 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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