- U.S Markets closed slightly lower yesterday.
- Right now Dow futures are slightly lower.
- SGX Nifty is down 40-50 points.
- Nifty is likely to have a gap down opening today.
- Yesterday was a terrific expiry for Bulls.
- Usually on monthly expiry big moves are expected.
- As too many contracts expire on the same day.
- Yesterday it was the same story.
- As soon as nifty broke out of 18400 , there was a huge rally.
- In just 30 minutes nifty shot up 70-80 points.
- Now the Nifty future premium for December series is too high.
- Nifty future is trading near 18600-18650.
- Such huge premium indicates excessive bullishness in the markets.
- Yesterday sensex and bank nifty hit all time highs.
- Now , 18000 is a very strong support.
- We might have resistance at 18600 nifty spot.
- Once this is taken out then next resistance is only at 19k.
- The trend is bullish and markets are Bullish too.
- Nifty might trade between 18350 -18600 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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