- U.S Markets closed mildly positive yesterday.
- Right now Dow futures are higher.
- It was a high volatile session yesterday in U.S
- Dow was up 400 at open , then it fell 600 points and then again up 600 and finally closed slightly positive.
- Asian markets are higher.
- SGX nifty is up 30-40 points.
- Today we have the monthly expiry for F&O contracts.
- Nifty is trading in a narrow range of 16900 and 17200.
- Within this range , Nifty is in a consolidation.
- Going significantly higher post a level would lead to a trend.
- Coming first week of May is a 4 day week.
- Tuesday is a holiday on Account of EID.
- Also Tuesday we will be starting Fed meeting in U.S
- Hence , plan your trades accordingly.
- 16800 -17000 has emerged as a strong support numerous number of occasions.
- Nasdaq is at its 52 week lows and that's what causing downfall in IT stocks.
- Facebook has just reported its numbers and it has beaten street expectations.
- Will this cause a positive sentiment from here on?
- Only time will say.
- Purely from a risk reward point of view I don't see shorting the markets now.
- We are near the lower band of the range.
- Going long with a stoploss of 16800 is a good trade now.
- Same on Bank Nifty with a stoploss of 35k positionally.
- Nifty might Trade between 17000 to 17200 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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