stockmarketadvisory.in
1. U.S Markets closed mixed Yesterday.
2. Dow Jones closed lower , S&P 500 closed flat whereas Nasdaq closed higher.
3. Right now , all the U.S Futures are trading lower.
4. Asian markets are lower.
5. SGX Nifty is down 80-100 Points.
6. Yesterday it was a surprising day.
7. Markets opened higher , tested 17800 and started moving higher.
8. It was a smooth ride towards the top and was a trending day.
9. I didn't expect markets to cross 17900 Yesterday.
10. Markets are a place of surprises and the short covering led to crossover of 17900 as well.
11. There was huge Call writing at 17850 , 17900 , 17950 & 18000 Call Options Yesterday.
12. All these Call writers got afraid , booked losses and had to run for cover Yesterday.
13. They had squared up all the Call Options and started to sell Put options.
14. Now , 17900 PE , 17850 PE & 17800 PE particularly have huge open interest addition.
15. With this gap up these put writers will panic.
16. This is what happens in a ranging and choppy market.
17. One day up, next day down
and Ultimately going absolutely nowhere.
18. FII's have been buyers for 3 consecutive sessions.
19. Yesterday U.S Inflation numbers were announced.
20. Inflation numbers were better than precious month but worse than expected.
21. Indian Inflation numbers were also worse than expected.
22. Another rate hike is om the table now.
23. SGX Nifty hit a high of 18k and reversed Yesterday.
24. Nifty might trade between 17800 to 18000 today.
25.
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