- U.S Markets closed higher Yesterday.
- Asian markets are mixed.
- Dow futures are higher now.
- SGX Nifty is up 200+ points.
- Why do we have this large gap up today?
- I have no idea.
- There are no major positive cues across Globle.
- Everything is the same as before.
- Just that we are out of a major Fed event now.
- Today's gap up makes me a little bit uncomfortable.
- But Market doesn't care about all this.
- Wednesday Nifty made a low of 16450.
- Todays SGX Nifty high is 17200.
- So this is a swing of 700+ points in 2 trading sessions.
- This is quite a huge turnaround by the Markets.
- Bank Nifty is above 200 DMA
- Nifty today will be above 200 DMA.
- This is not a sell on rally / Bear Market anymore
- Yesterday U.S GDP data was announced.
- Data was in negative but even then Markets shot higher.
- When Market rallies on negative news then it is a super Bullish Market.
- Our clients have long positions / Put option sell positions so we have been saved.
- I have been anticipating this rally and was even communicating this via whatsapp status updates.
- I know many Call writers who have lost huge yesterday and will lose more today as well.
- So option selling is not that easy.
- Sometimes directional option selling is a necessity too.
- Nifty might Trade between 17000 to 17200 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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