- 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 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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