- 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 on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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