- US markets closed slightly positive yesterday.
- Right now , U.S futures are also Trading higher.
- SGX Nifty is Trading near 15000.
- Yesterday in the first half our Markets fell Drastically.
- It slowly started to recover in the second half.
- The issue right now is the India VIX.
- India VIX keeps rising as there is a fall in the Market.
- Friday it was up 8%.
- Yesterday up 4%.
- Option prices are very high currently due to higher VIX.
- Volatility is also extreme.
- Moves are very fast and violent.
- Calls above 15200 have been written aggressively.
- Do not expect Market to go much higher from here at least for this expiry.
- 14500 PUT also has good amount of open interest.
- So not expecting Nifty to go below 14500.
- Nifty might Trade between 14860-15080 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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