- U.S Markets were closed yesterday.
- Right now Dow futures are slightly higher.
- Asian markets are mixed.
- SGX Nifty is flat.
- Yesterday was a Bullish Indian market.
- This Bullishness persisted inspite of flat Global cues.
- Markets closed almost at the highest point of the day Yesterday.
- This is surprising because when I see data it shows otherwise.
- FII's short position is 81%
- In spite of having such huge shorts HDFC twins outperformed yesterday.
- Data shows FII's have net sold in cash market.
- Global markets were flat.
- All this events made yesterday rally a bit puzzling.
- As everybody knows Indian markets are high beta markets.
- We go up fast and come down faster.
- 17500 PE has added huge open interest yesterday.
- 17600 PE also has decent open interest.
- Traders are expecting 17500 to act as a strong support.
- Resistance to come near 17800.
- Within this 300 point range markets are likely to be volatile.
- Nifty might Trade between 17500 to 17800 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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