- U.S Markets closed mixed on Friday.
- Right now Dow futures are lower.
- SGX Nifty is down 80-100 points.
- Asian markets are also lower.
- Nifty is likely to have a gap down opening today.
- Reason for a gap down is China Covid cases.
- China has again started to report high number of covid cases.
- Yesterday the Covid cases were at 40k in China.
- This is inducing a fresh fear in the markets.
- Covid problem is not a new issue.
- This has been going on since long.
- There shouldn't be any shock treatment to the markets due to the same.
- Also I've been noticing since many days markets have not been opening as per SGX.
- So we cannot have an exact idea related to market opening now a days.
- China cannot be trusted as well.
- They might be manipulating numbers to induce fear.
- If we have a large gap down then it's a great buying opportunity.
- Trend is positive so opportunities like these should be cashed into.
- 18300 PE has the highest open interest in monthly options.
- 19000 CE has the highest open interest among call options.
- Any dip close to 18400-18350 should be a good buying opportunity.
- 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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