- 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 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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