- 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 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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