- U.S Markets closed higher Yesterday.
- Asian markets are slightly higher too.
- SGX Nifty is up 80-100 points
- Yesterday was kind of a rangebound session.
- Institutional activity was quite less
- FII's after continuous selling finally bought yesterday.
- Even though the amount isn't that significant of 500 crores thereabouts.
- 17600 short straddle has the highest open interest for today expiry.
- Calls and Puts have been sold at every level.
- This Indicates traders are not expecting a big move on the expiry day
- Due to any reason once market makes a big move then these writers will be in trouble.
- U.S Markets for very short run seems to have bottomed out.
- There was a ferocious selling in 3 days Nasdaq fell 6%.
- Dow Jones and S&P 500 also fell.
- From last two trading sessions situation has been stabilized.
- I feel today might be a consolidation expiry.
- August month has been very good for Bulls.
- Though Nifty was unable to cross 18k.
- This Month has given positive returns on index basis
- Nifty might Trade between 17500 to 17800 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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