- 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 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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