- 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
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