- U.S Markets closed mixed Yesterday.
- Asian Markets are mixed.
- SGX Nifty is up 50-60 Points
- Yesterday it was again a flat expiry.
- IT stocks have been falling.
- Banking stocks have been gaining.
- This seems like an obvious trade now.
- Larger range for Nifty is 17500 to 18000 now.
- Immediate short term range is 17600 to 17800.
- Bank Nifty range is 41000 to 42000
- Expecting Consolidation to continue for a while.
- Yesterday the ECB has hiked interest rates by 75 basis points.
- RBI also has informed that they would be revising the monetory policy.
- They have announced to conduct a meeting on 3rd November.
- Such sudden meeting gives an indication that RBI may again raise rates.
- Looking at Inflation and the way other Banks have been raising rates.
- This seems a larger Possibility now.
- India VIX is now close to 16.
- Option Premiums are too low.
- Expecting VIX to raise before RBI event.
- That would be a good time for option sellers.
- As of now premiums are too low so aggressive bets are not advisable.
- Nifty might Trade between 17600 to 17900 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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