- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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