- US markets closed higher yesterday.
- Asian markets are flat.
- U.S futures in red now so SGX Nifty is almost flat
- Yesterday night it was higher.
- SGX Nifty is down slightly.
- So markets are expected to open flat.
- Option writers like Markets to open flat specially on Expiry days.
- Global markets are highly Volatile and are giving big Moves on both sides.
- Stocks like SBI, Axis Bank fell nearly 20%.
- SBI once again below Rs 200.
- Yesterday afternoon news came that Silver lake is investing in reliance retail.
- Reliance bounced back from lows and recovered the Market.
- Expecting a flat to negative expiry today
- Today one more major news is supreme court hearing on banks interest.
- That will create high Volatility today.
- Option writers should be careful today.
- Look to take Minimum Quantity at first with fixed Stoploss and dont keep positions open till 3.30
- Nifty might trade between 11200-11380.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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