- Dow fell around 800 Point's Yesterday.
- Dow future are up 1% now.
- So SGX Nifty was recovered a bit from lows.
- Now trading near 11700.
- Today is the Monthly Expiry.
- So it's expected to be quite a Volatile trading session.
- U.S VIX has crossed 40 , India VIX is likely to cross 30 this depicts the Volatility we have to face.
- 12000 seems to be quite a big Resistance now and according to me it won't be crossed so early.
- Trade remains to sell on Rallies.
- Sell off's are quite sharp and violent.
- FII's have turned net sellers and sold quite a big amount Yesterday.
- DII's are constantly booking profits at higher levels.
- World markets are worried about the 2nd wave of Corona virus.
- There has been no development in Vaccine now.
- Stimulus cancelled until U.S Elections.
- All bad news are striking markets door now.
- Traders need to be highly cautious now.
- Specially option writers need to very cautious.
- Whatever it is , settle your Positions Intraday
- As the gap ups and gap downs may be quite large in risking VIX Environment.
- Nifty might trade between 11580-11820.
- First hour in very critical today.
- If we break Yesterday's low there will be huge sell off again.
- If we don't , thennwe may expect a Consolidation and trading based on global markets.
- 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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