- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are slightly lower.
- SGX Nifty is higher by 120-150 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Today we may have a test of 17450-17500.
- I don't think we may surpass this level today itself.
- As 17200 short straddle has the highest open interest and it's at 300rs.
- These people will make profit between 16900-17500.
- There were reports claiming Putin and Zelensky have agreed to negotiate and talk.
- Also there were reports to end the ongoing War.
- U.S VIX crashed yet another 3% yesterday.
- This is below 19 now.
- India VIX closed near 21 yesterday.
- Expecting this to come even lower in coming days.
- Markets have been highly volatile since feb end.
- In March itself Nifty has made a swing of 3500+ points.
- From 17200 to 15700 and now 17500.
- This is some crazy swing and it causes positional trading very difficult.
- Markets consolidating is a good sign as there would be more steam on the upside.
- Nifty might Trade between 17200 to 17500 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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