- 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 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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