1. U.S Markets closed lower Yesterday.
2. Right now , Dow futures are lower.
3. Gift Nifty is indicating a gap down of 200 points.
4. This is quite a huge gap down.
5. 22000 PE had the highest open interest & these put writers are In trouble at the open itself
6. All the Global Markets are down.
7. Asian markets are also down.
8. There's a sea of Red when one opens the screen.
9. There have been some news that Iran is attacking Pakistan.
10. This Geo political tension is also adding to the negative sentiment.
11. HDFC Bank had come up with the results yesterday.
12. Net interest income was the lowest in its history.
13. Hdfc bank is likely to open 2% gap down today.
14. I also feel that this 200 point gap down is a bit of exaggeration.
15. We might not open as low as what Gift Nifty is suggesting.
16. Even if we open 200 points lower , we open at important support levels.
17. 21800 is an important support.
18. Shorting isn't advisable at the open as the risk reward isn't favorable.
19. Nifty might trade between 21750 to 22000 today.
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