- U.S Markets closed higher on Thursday & Friday.
- Markets all over the World have witnessed heavy short covering over last 2 weeks
- Right now Dow futures and Asian markets are lower.
- SGX Nifty is up 100 points
- There's not much news over the weekend.
- War doesn't seem to be ending anytime soon.
- Markets ignoring the War and focusing on economy.
- Crude Oil slips below 100$/barrel
- This is a very positive news for India.
- There are reports stating India is buying crude oil from Russia at a cheaper price.
- 25-30$/ barrel cheaper crude oil is being offered to India by Russia this positive sentiment has driven market higher.
- Fed rate hike also seems to be factored in and Market is looking ahead
- Now the focus is on Corporate results and earnings.
- Next month we would start getting corporate results so those would be in focus.
- U.S VIX has dropped more than 10% in last 2 trading sessions.
- This indicates stability in the Market and we might not have huge gap ups or gap downs once VIX goes below 20.
- 17000 PE has added huge open interest both in monthly and weekly options
- Expecting this to act as a very good support going closer to expiry.
- Nifty might Trade between 17200 to 17500 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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