- U.S Markets closed lower Yesterday.
- Right now Dow Futures are higher
- Asian markets are higher
- SGX Nifty is up 50 Points.
- Yesterday was a highly volatile session for our Markets
- Markets were resilient for most of the day.
- Last 30 minutes we had huge sell off in Nifty & Bank Nifty.
- The most important question is
- If yesterday wasn't an expiry would we have such huge sell off yesterday?
- I think Yesterday's fall was partly due to expiry related issues.
- Those who sold put options yesterday might have faced trouble and wait for 3.30 for options to go zero.
- Finally when at 3 pm market isn't in their favour they sell off their Positions.
- This led to huge crash in last 30 minutes.
- Facebook declared results yesterday and the stock fell 26% due to poor results
- Today Morning Amazon , Snapchat and Pinterest have come up with results and all are above estimates.
- All the stocks are rallying today.
- So this is a complete U-turn compared to yesterday.
- 17500 PE has 2nd highest open interest in monthly options.
- This should be a good support going ahead.
- Market is still a buy on dip and I feel yesterday's sell off was majorly due to expiry related issues.
- However if we break 17500 then I will turn slightly bearish.
- Nifty might Trade between 17480 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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