- U.S Markets closed mixed Yesterday.
- It was a high volatile session in U.S Markets Yesterday.
- Similar was the situation for Indian Markets yesterday.
- U.S Markets were up 300 points at one point of time and then they tested swing lows finally closing mixed.
- Indian Markets yesterday crashed in last hour and closed below 17k.
- India VIX shot up above 20 yesterday.
- Put premiums of all monthly options doubled in last hour itself.
- Such severe was the fall.
- SGX Nifty is now up 30-40 points
- Asian markets are majorly lower
- Today we will be having U.S Inflation numbers
- These could make or break the markets.
- Upto some extent I expect markets have factored in the same.
- Relief rally can be expected with possibility of a small downside.
- All the Bluechip stocks got sold heavily yesterday.
- IT Stocks opened higher after TCS results but got sold off during the day.
- Bank Nifty outperformed Nifty yesterday.
- I used yesterdays fall as an opportunity to sell monthly Puts 16400 and below.
- Expect U.S VIX to fall after Inflation numbers as well
- This could erode a large of option premiums.
- Nifty might Trade between 16950 to 17200 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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