- 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 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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