- 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 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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