- 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 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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