- U.S Markets closed lower Yesterday.
- Dow futures right now are slightly lower.
- Asian markets are mixed.
- SGX Nifty is down 1000-120 points.
- We have yet another gap down today.
- U.S Markets are going through a correction phase due to increase in inflation and fed corcerns.
- Yesterday Fed released its minutes and pointed out almost 1.5% interest rate hike combined throughout the year.
- This is making U.S markets jittery.
- Due to which we are witnessing gap downs.
- Brent crude fell 5% yesterday and that's a good news for us.
- I get the sense that this is just a passing correction.
- 17700 is a very strong support.
- Until we break 17700 this Market is a long.
- Once Market absorbs all this news , it will be up in double speed.
- We might consolidate for some days near 17700-17650 levels and then start fresh upside.
- Stoploss for your long positions should be at 1760p on Nifty.
- 17800 PE & 17900 , 18000 CE added huge open interest.
- 17800 CE also has added some open interest.
- So today's expiry could likely be between 17700 to 17900.
- Bank Nifty has huge OI at 37500 PE & 38000 CE.
- It's likely to consolidate between this range today.
- Nifty might Trade between 17700 to 17900 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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