- 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 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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