- U.S Markets closed lower Yesterday.
- Right now Dow futures are flat.
- Surprisingly, SGX Nifty is higher by 50-60 points.
- In spite of Global sentiment being bad , SGX Nifty is higher.
- Yesterday it was a stable expiry.
- Nifty traded within a small band of 100 points throughout the day.
- Markets trading within a band and with less Volatility is always a healthy sign.
- India ViX crashed below 16 yesterday.
- SGX Nifty might be higher because Hong Kong market is up 3%.
- China markets are up 5%.
- This is providing a positive boost to SGX Nifty.
- Expect markets to consolidate within a band.
- There's not much news flow awaited.
- Nor there are any events in sight.
- Bank Nifty was the star of the show yesterday.
- Yesterday even I was surprised to see such outperformance by Bank Nifty.
- Range for Nifty is 17950 -18200.
- Bank Nifty is 41000 to 42000.
- Trading at the boundaries of the range provides good risk reward Opportunities.
- Nifty might Trade between 17950-18200 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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