- U.S Markets closed higher Yesterday.
- Right now , Dow futures are higher.
- Asian markets are higher.
- SGX Nifty is up 100-120 Points.
- Yesterday markets in the first hour were highly volatile.
- Markets opened close to 17600 but as soon as Market opened there was heavy sell off
- Nifty tested 17400 and then bounced back swiftly from there.
- India VIX at one point was above 20 yesterday.
- India VIX above 18 indicates danger.
- It indicates there would be huge Volatility in store.
- Markets have been repeatedly finding supports near 17400-17300 zone.
- Resistance near 18000-18100 zones.
- Within this range markets have been trading with huge Volatility.
- I have taken a short strangle of 17000 PE & 18200 CE at 115rs combined premium Yesterday.
- This generates a 6% return till expiry if nifty expires between 17000 to 18200.
- With just 8 trading sessions left this is a very lucrative strategy and premium.
- Expecting Nifty not to cross any of the above level.
- Even if it does we know how to adjust and manage our positions
- Those who know adjustments are only advised to take this trade.
- Others should take this trade on their own responsibility.
- Nifty might Trade between 17600 to 17900 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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