- U.S futures were down 2% in our trading hours Yesterday.
- This caused a big sell off in the Markets.
- U.S VIX was up 15% Yesterday.
- India VIX slowly inching higher.
- Market is collapsing quickly now a days.
- Reliance was a major contributor for Yesterdays fall.
- Reason of huge sell off in Reliance was Amazon had won the Arbitration case.
- Now U.S futures are mildly positive.
- SGX Nifty is Trading around 11825.
- The range of 11700-12000 continues to hold.
- Markets trading Violently within this range.
- As its monthly Expiry , Expecting a big move.
- Which side this move will come , time will tell.
- If Markets feel like Second Wave of Corona Virus is getting into India.
- The fall would be much more severe.
- Many foreign countries have been already witnessing second wave panic.
- India VIX if crosses above 30 then Option sellers should be very very careful.
- VIX above 30 indicates huge Volatility.
- Reliance is a big heavy weight in Nifty it has to perform well for markets to go higher.
- Right now it's just a ranging Market.
- Nifty might Trade between 11720-11900 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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