- US markets closed flat.
- Asian markets are mindly higher.
- SGX Nifty is up 30-40 Points.
- Yesterday Nifty was up 140 Points at one point of time.
- In last hour we witnessed severe profit booking.
- Bank Nifty fell 600 Points in last hour.
- Nifty fell 200 Points.
- This can be construed as Markets are unwilling to go much higher from here.
- Also the downside in limited.
- Yesterday was a good Consolidation day.
- Nifty almost closed where it had opened.
- Going forward there would be Consolidation with Volatility.
- Few frontline heavyweights contributed to the fall Yesterday.
- ITC and Reliance fell 2-3% each.
- Bank Nifty as always is a highly Volatile counter.
- 15000 is a good support for Nifty.
- 15400 is a stiff resistance.
- I expect Nifty to expire somewhere between 15000 to 15400 for this expiry.
- There is a good amount of Put writing in 15000 PE and 15400 CE.
- Those who sold Put option will always look for cover and they sell call option too.
- Wednesdays can be highly Volatile.
- So use Volatility to your favour when Market is at its Boundaries of the range.
- Nifty might Trade between 15060-15280 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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