- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are mixed.
- SGX Nifty is higher by 80-90 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Big one sided trend would develop only once this range gets taken out.
- Until then this would continue to be a ranging Market.
- Most important thing to note here is U.S VIX closed below 20 yesterday.
- Just 2 weeks back it was above 30.
- VIX crashing indicates stability in the Market.
- It's also an added advantage for option writers as premiums keep falling.
- In high VIX environment it becomes very difficult to manage Positions.
- Yesterday we had another test of 17000 but again there has been a fantastic recovery.
- As and when Nifty has been close to 17k Market has recovered quickly.
- India VIX closed at 22 yesterday.
- Expecting this to go lower as well in coming days.
- This is now a buy on dip Market.
- Market expecting some good news from Russia Ukraine front.
- As markets all over the World are going higher and VIX keeps crashing.
- Chances of an upside breakout above 17500 is much more higher than breaking 17k on the downside.
- 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...
Comments