- U.S Markets rallied on Tuesday.
- Yesterday they were majorly flat
- Right now , Dow Futures are higher.
- SGX Nifty is up 100-150 Points.
- Asian markets are higher.
- U.S VIX fell 5-6% over previous 2 trading sessions.
- VIX crashing indicates stability and reduction of Volatility over the coming days.
- This is quite beneficial for Option writers.
- Indian Markets broke out of 17200 zone which was a major hurdle.
- Now markets have turned Bullish.
- 17200 is the stoploss for long Positions now.
- Markets have now become very difficult to trade.
- Mondays low was 16900 and now we are at 17400.
- These market swings with huge gap openings are going on since past 1 year
- This is also a market phase and would end soon.
- Markets would come to terms sooner than later.
- Due to this Mayhem in the Global Markets & excessive news flow , Volatility increases.
- 17200 to 17500 is the immediate range for Nifty.
- Look for dips close to 17200-17250 to go long
- Do not chase gap ups
- You will hardly get 50-70 points after such huge gap but stoploss would be 200 points
- This doesn't turn risk - reward into our favour.
- Nifty might Trade between 17200 to 17500 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
Comments