- U.S Markets closed lower yesterday.
- Right now , Dow futures are higher.
- Asian markets are mixed.
- SGX Nifty is down 50-70 Points.
- Yesterday it was a very unexpected trading session.
- As it has been happening most of the times
- Nifty opened 150 points higher.
- Was steady throughout and was slowing inching higher.
- At one point of time , Nifty was higher by 300 points.
- Last 1 hour only to fall by 150 points.
- There was no reason for Nifty to be 300 points higher yesterday.
- When all the Global markets were flat / negative.
- These are erractic price movements.
- Markets have been moving everywhere between 17400 to 18100.
- We have Fed decison today.
- Expect Volatility to increase before Fed decision.
- U.S VIX closed above 27 yesterday.
- India VIX was still at 19 yesterday.
- Option premiums yesterday crashed on both calls and puts.
- Put premiums crashed by 50-60% and calls did not go higher proportionately.
- Surprisingly, there has been high open interest addition from 17500 to 17800 PE.
- Hardly any calls have been written.
- Market participants believe Fed event has already been factored and markets should go higher after the event.
- But if vice - versa happens markets will crash as put option writers would face heavy losses
- Nifty might Trade between 17600 to 17900 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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