- U.S Markets closed higher Yesterday.
- Right now Dow futures are Flat.
- SGX Nifty is higher by 80-100 points.
- Asian Markets are higher.
- Today we have a major event.
- U.S Inflation data for August is to released today.
- Though I think markets would not react much on this data.
- This seems more likely to have been factored in by the markets.
- SGX Nifty is indicating a gap up above 18k today.
- 18k is an important zone for Nifty.
- This strike has highest open interest in monthly & weekly options.
- Plus this is also a psychological resistance level.
- Closing above 18k will open door to 18200.
- 17800 is a very important support zone for the markets now.
- Bank Nifty is outperforming Nifty
- Expect Banks to continue outperformance going ahead as well.
- Nasdaq is also higher in U.S markets.
- This will boost the IT stocks here in India as well.
- Nifty might Trade between 17900 to 18100 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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