- 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 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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