- 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 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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