- U.S Markets closed lower yesterday.
- Right now Markets are flat.
- Yesterday India VIX shot up 8% without any negative news.
- Premiums on both the sides are quite higher.
- Calls and Puts both are commanding higher premium.
- This is because of India VIX rise.
- India VIX rising without any big negative is a matter of concern.
- FII's who bought aggressively before weekend on Thursday have sold aggressively yesterday.
- Yet again they might start their selling spree once again.
- This is what is going on since last 6 months.
- FII's keep selling , DII's keep buying.
- Market becoming highly volatile.
- 17500 , 17600 CE in weekly options has the highest open interest.
- IT index has supported Nifty all the way from lower levels.
- Now I feel they should stabilize and it's upto the financial stocks to give leadership.
- SGX Nifty is at 17200 now.
- 17300 is a strong resistance for Nifty.
- Once we close above 17300 will we see fresh buying.
- Crude oil again goes above 110$ & this is a negative news in short term
- Until then we can expect rangebound move with slight negative bias .
- Nifty might Trade between 17050 to 17350 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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