- U.S Markets closed higher yesterday.
- Right now Dow futures are flat.
- Asian markets are mixed.
- SGX nifty is indicating 80-100 points gap up.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Last 2 days it was a gap down , today it is a gap up.
- Today the focus is on RBI.
- RBI policy is due at 10 AM today.
- RBI Governer has already prepared market this time for a rate hike.
- Previously , this wasn't the case.
- RBI gave a shocker to the Market by suddenly doing a hike.
- This shocker caused the Market to crash.
- Expecting a no shocker policy from RBI today.
- As they know it's repurcussions could be dangerous.
- There would be Intraday volatility going into the policy but I have a gut feeling option sellers would make good money today.
- Specially put writers.
- U.S VIX crashed 5% yesterday.
- Expecting India VIX to go down after the policy as well if policy is as per expectation.
- Stoploss for long trades and put writing should be 16350 ie , yesterday's low.
- Do not chase the gap up , expecting some selling during the day and that's a good place to go long.
- As long as rate hike is below or equal to 50 basis points , Bulls should be happy.
- Nifty might Trade between 16340 to 16600 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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