- U.S Markets closed lower Yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is down 30-40 Points.
- Yesterday we had a sort of short covering rally in our Markets.
- Markets found support near 18200 and recovered sharp.
- Now the range for nifty is 18200 to 18500.
- Nifty might consolidate in this range for a while.
- November expiry was at 18500 for nifty.
- December month we first moved towards 18900.
- Then fell back to 18350.
- Moved towards 18700 again
- Fell all the way to 18200.
- Now again close to 18500.
- On a close to close basis , Markets having gone anywhere.
- Expect December expiry somewhere close to November expiry.
- It should be plus or minus a percent from 18500.
- Bank Nifty on the other hand has been scaling fresh heights.
- Nifty is finding momentum because of Bank Nifty.
- Nifty might trade between 18300 to 1855p 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...
Comments