- U.S Markets closed higher yesterday.
- Right now Dow futures are higher.
- Asian markets are higher.
- SGX Nifty is near 17320.
- Suggesting a positive opening for the day.
- Yesterday was a totally volatile session.
- First half as expected sell off started to accentuate and at one point of time 17000 was on the cards.
- Market took support near important levels 17050 and shot up from there.
- It was a huge short covering in the second half yesterday.
- This V shape recovery and volatility is chopping off the traders.
- Killing on both sides.
- Many of my trader friends lost huge amounts yesterday.
- I basically hedge my positions so I am in minor loss but we know how to manage positions.
- 17000 for me is a short term low and I don't see Market going there expect in the last week of Feb.
- Last week of expiys are hugely volatile so anything may happen in the last week.
- Don't expect 17000 to breach in next 7 trading sessions including today.
- 17300 CE added good open interest yesterday and 17400 CE added huge open interest.
- If gap up sustains , these call writers may be trapped.
- Important point here is India VIX crashed 4% yesterday.
- Even though Market is hugely volatile , india VIX is going down.
- This indicates stability in the short term.
- Nifty might Trade between 17100 to 17400 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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