- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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