- U.S Markets closed lower yesterday.
- It was a minor profit taking day yesterday Globally
- U.S Markets have been rallying from past many Trading sessions.
- So , profit booking cannot be ruled out.
- Right now Dow futures are higher.
- SGX Nifty is up 40-50 points
- Today is the final day of the Financial year plus all the contracts would expire today.
- Today we can expect some Volatility.
- From last few days , markets have been trading in a small range after gap up.
- Yesterday, Market tried to cross 17500 but failed and closed exactly near 17500.
- Expecting upper end of 17500 to be taken out in a couple of days.
- Today could be a ranging day with some Volatility.
- Inda VIX closed just above 20 yesterday.
- Expecting this to go down below 20 in the coming days.
- The good thing about yesterday's rally was the advance- decline ratio.
- Number of advanced were 1300 whereas declines were just 600.
- This broad based rally shows we have more room on the upside.
- 17500 short straddle has been added in huge Quantities in all expirys
- For today , April 7th and April end monthly expiry.
- Smart money isn't expecting big move soon and also as VIX keeps falling their confidence is increasing.
- Nifty might Trade between 17350 to 17600 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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