- U.S Markets closed lower yesterday.
- Right now Dow Futures are higher.
- Asian markets are higher.
- SGX nifty is down 50 points.
- Yesterday can be termed as a volatile+ sideways day.
- Nifty was in a range but it was trading with huge Volatility.
- As soon as Market opened Nifty crashed and went close to 16500 then bounced all the way and was Volatile throughout.
- Last hour there was a huge Intraday selling.
- Bank Nifty fell 500 points in last 45 minutes.
- This might be majorly due to crude oil prices + Global weakness.
- Crude Oil yesterday was above 120$ barrel.
- This is not at all a good sign for India.
- Yesterday GDP numbers were also announced and it was not that great.
- Industrial production data was much better than expected.
- As I said Yesterday 16400 to 16800 is the range for Nifty now.
- I will use ranging strategies+ straddles until this range holds.
- Whenever any of this level is surpassed I will look to use directional strategies.
- Bank Nifty range is 35000 to 36000.
- Though U.S market closed lower yesterday VIX fell.
- In India it's exactly opposite.
- Whenever market falls VIX rises.
- Expecting some stability in U.S as VIX falls.
- Nifty might Trade between 16420 to 16700 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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