- U.S Markets closed slightly higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is close to 17950.
- Yesterday markets traded flat throughout and now are closer to 18000.
- 18000 is important as 18000 CE has the highest open interest.
- Highest amount of calls have been written for 18000 CE strike price.
- Plus round figures always act as psychological resistance too.
- Yesterday as Analysed , markets traded within the range of 17800 to 18000.
- 17800 PE has got highest open interest and 18000 CE has got highest open interest on calls side.
- Markets might consolidate for some more time in this range.
- In due time , markets will break out of this range.
- Chances of breakout above 18000 is quite high.
- Bank Nifty showed momentum yesterday.
- It was outperforming Nifty throughout the day.
- VIX was up 3% at one point of time yesterday but closed a percent lower.
- These are good signs for option sellers.
- Last week is generally highly volatile.
- As the Gamma effect takes over due to low premiums.
- Nifty might Trade between 17800 to 18080 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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