- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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