- U.S Markets closed higher Yesterday.
- Right now Dow futures are higher by 140 points.
- Asian markets are higher.
- SGX nifty is indicating a gap up opening.
- Yesterday as anticipated Fed increased the interest rates by 75 basis points.
- This is the largest increase since 1994.
- There was a relief rally due to the same in U.S market and U.S VIX crashed 10%.
- How long will this relief rally go on is a big question.
- Our Markets were terrible yesterday.
- Everybody is shorting left , right and center.
- Yesterday all Put options premiums raised in last 30 mins.
- Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs.
- Today we might get some short covering as we open and even head higher.
- 16000 should be a firm resistance for the day.
- I won't chase this gap up because when Market reverses it's with great speed.
- I'll look to short near 15950-15980 with a stoploss of 16020.
- In Bear markets the rallies sre quite ferocious but again markets make fresh lows.
- So remember you are only playing a pullback rally when you go long and not a trend reversal one.
- Nifty might Trade between 15650 to 16000 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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