- U.S Markets closed higher yesterday.
- Asian markets are higher.
- Right now Nasdaq and S&P 500 futures are lower.
- This is because Facebook has declared results and it's not as per Expectation.
- Stock is down 20% in the pre open and that's dragging Nasdaq.
- As Nasdaq is a Technology Index.
- Last 4 days has been a fantastic rally in the U.S Markets .
- Last 4 days Dow shot up 1000 points and Nasdaq as well.
- Nifty has also recovered from 16850 to 17800.
- This is again a superb rally from lows.
- I have been saying from 17000 that we have bottomed out at 16850 and budget will cause momentum on the higher side.
- Same has happened.
- 17700 PE of today's expiry has the highest open interest.
- 18000 CE in the monthly options have got highest open interest.
- Range seems to be between 17700 to 18000 for the day.
- 17000 PE has the highest open interest in monthly options.
- Next highest open interest is at 17500 PE.
- The range right now is 17500 to 18000 for a slightly short term point of view.
- Nifty might Trade between 17700 to 17900 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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