- U.S Markets crashed yesterday.
- Right now Dow futures are slightly higher.
- SGX nifty is higher & trading at 15700.
- Asian markets are mixed.
- Yesterday as well there was a huge gap up.
- Today as well we are about to open lower.
- Yesterday as soon as Markets opened there was a recovery towards the later part of the day.
- Our market is reacting totally to the Macro news and events.
- Today we are set to have U.S GDP data in the evening.
- This will drive the further positioning of the traders.
- Yesterday during the Market hours Dow futures recovered
- European markets inched higher and then short covering began in our markets.
- Today's gap down would once again test the option sellers.
- Huge Open interest was added yesterday in put options.
- 15600 and 15700 PE were written aggressively.
- In this Kinda scenario it's better to keep as lighter positions as possible.
- As this gap up gap down is trapping the traders.
- Plus we have an event tonight.
- This Volatility in our markets is due to Volatility is U.S market.
- Dow was up 400 points at one point of time and then closed 400 points lower.
- Nifty might Trade between 15600 to 15900 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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