- 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 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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