- U.S Markets closed lower Yesterday.
- Right now Dow futures are slightly higher.
- SGX nifty is indicating a 50 point gap up close to 16130.
- Asian markets are mixed.
- I do not know why SGX Nifty is up today.
- This might be due to cooling off in Crude Oil prices.
- Crude oil is now close to 100$ / barrel.
- Falling Crude Oil prices is positive for our Economy.
- As we are the highest importers of oil.
- Also the markets have been trading in quite narrow range.
- 16000 to 16250 is the range for Nifty.
- Volatility has reduced and also option premiums are at very low prices.
- One bigger move could easily make 2-3X gain in option prices.
- 16000 is an important support for Nifty.
- 16200 is likely to act as resistance.
- Within this range expect Nifty to be volatile.
- Bank Nifty looks quite solid compared to Nifty.
- TCS underperformance is effecting IT sector.
- Do not much downside from here in IT.
- Nifty might Trade between 15980 to 16220 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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