- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- SGX nifty is higher & trading at 15700.
- Asian markets are lower.
- Yesterday it was a very topsy turvy expiry.
- Nifty opened lower and just after opening it kept on moving higher.
- Huge short covering took place as soon as markets opened.
- Call option premiums started to shoot up.
- All CE's became 3-4x just in first hour.
- Near 15880 Nifty started to resist and some profit booking was witnessed.
- Nifty fell all the way back close to 15700 and it was all over the places.
- Yesterday to my surprise , all the Markets were in deep red.
- Dow futures were down 400 points during our trading hours.
- Even then our Markets have shown great resilience.
- Yesterday U.S markets as well were highly volatile.
- SGX Nifty made a low close to 15600 and recovered.
- All this Volatility in other markets is coming from mother market U.S
- 15700 to 15900 is the range for Nifty.
- This is a very narrow range and won't sustain for long.
- Long for a significant crossing of this range for the markets to pick up momentum.
- Within this range there is only one trade which is to buy at lower end and short at higher end.
- Today it's the first day of the July series. Yesterday Nifty June futures were trading at 20 points discount to spot.
- Even July futures were also at discount.
- This shows extreme shorting and bearishness in the Market.
- 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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