- U.S Markets closed mixed Yesterday.
- Right now , Dow futures are higher.
- Asian markets are slightly higher
- SGX Nifty is up 20-30 points.
- Yesterday was a total surprise from the markets.
- Nifty was Indicating a gap down close 17750 but markets opened above 17800 and continued to move higher.
- Bank Nifty rallied 1400 points from the day low.
- Nifty rallied 250 points from the days low.
- All this happened against the Global trend.
- This isn't the first instance where this has happened.
- In September itself , when Fed Chairman expressed his concerns over Inflation , Nifty made a 300 point gap down.
- Entire loss was wiped off the next day.
- Bank Nifty is actually on steroids.
- It's just 200 points away from all time highs.
- All the Banks are flying.
- FII's sold for 1400 cr yesterday and DII's bought for 150 cr.
- There was a net outflow of 1250 cr and still the markets closed higher.
- IT Index crashed 3% yesterday.
- I expect that markets are factoring something ahead of time.
- Which we probably do not know yet or may know later.
- Only Indian markets rallying against global trend makes me say so.
- 17900 , 17800 PE have been sold aggressively.
- 18100 , 18200 CE have been written aggressively.
- Markets are pricing in a ranging expiry as of now.
- Nifty might Trade between 17900 to 18140 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
Comments