- U.S Markets closed higher Yesterday.
- Dow futures are slightly higher right now.
- Asian markets are higher.
- SGX Nifty is up 200 points.
- Yesterday we had a very flat session.
- Nifty traded within a small range of 100 points throughout the day.
- Markets were waiting for the U.S Inflation data to be out.
- Expected Inflation was 8.7% but it came at 8.5% which was much lower than expected.
- This led to a fierce rally in the markets all over the World.
- U.S VIX crashed 10% yesterday.
- This is because another event now is out of the way.
- Now 17500 becomes a very strong support after today's big gap up.
- Many market participants still not believing this rally and calling it as a Bear market bounce.
- I do not think so.
- Bull market has started in July and this is a continuation of the same
- FII's have been net buyers in previous 9 trading sessions.
- They are on a buying spree and once they begin to buy they usually do not stop.
- Today all the call writers would be in trouble.
- 17600 , 17650 , 17700 added good open interest yesterday.
- All these will be in trouble at open.
- This will push the Market higher.
- Nifty might Trade between 17600 to 17840 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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