- U.S Markets closed slightly higher yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is higher by 40-50 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.
- Now its not the time to create any fresh naked positions.
- Expecting next event which could trigger an upmove could be the Gujarat elections.
- Elections are between 1-5th December and that could add up some sort of Volatility.
- Until then expect markets to be within range.
- Also near December end foreigners go on a holiday for Christmas.
- Volumes dry up a lot.
- Closer to budget by Jan we might see momentum pick up.
- Until then we have to tolerate such boring ranging moves.
- Previously, Nifty used to move 300 points in a day now it has reduced to just 100 points
- Texture of the markets keep changing.
- Those who adapt to it in the best possible way can make money over long periods.
- Else one event cab throw you out of the market.
- Nifty might expire between 18200-18400 today.
- Expiry moves after 2 pm can be fast and furious.
- So be a bit cautious.
- 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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