- U.S Markets closed higher yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is higher by 80-100 points.
- Nifty is likely to have a gap up opening today.
- Yesterday india VIX closed below 14.
- Premiums are too low now for options.
- Option sellers have enjoyed since last 2 months.
- This low premium environment can be dangerous one.
- As as and when premiums increase it will wipe out most of them.
- 18000 to 18400 is the range for nifty.
- Expect the expiry to be within this given range.
- Premiums have been eroded significantly so its not the time to sell naked options now.
- Taking spreads in low risk environment is favorable.
- Selling naked options is favorable in a high VIX environment.
- There have been speculations as to increase in long term capital gains tax.
- 10% is the current LTCG tax rate.
- This could be increased to 15% in the budget.
- Markets are likely to react on this news in the coming time.
- Fears of recession in the Global economy are also emerging.
- Data points do not show as yet of a possible recession.
- Nifty might trade between 18200-18400 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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