- U.S Markets closed higher on Friday.
- Right now , Dow Futures are flat.
- Asian Markets are mixed.
- SGX Nifty is Trading near 16800 now.
- 16700 was a resistance for Nifty.
- Market closed Exactly near the resistance on Friday.
- Previously as well I've mentioned that Big players generally do not give a chance for Small players to enter in such situations.
- Generally when Breakout has to happen it happens with a gap up.
- Today it's Exactly the same.
- Jerome Powell the U.S Fed Chairman indicated that the Tapering process would begin by the Year end.
- Also he Cleverly indicated that Interest rates would not be hiked in near future.
- When I was a Child I used to love Chocolates.
- So my mother used to add a tiny pinch of Chocolate to Healthy food and make me eat.
- Jerome Powell has done exactly the same & Market as of now had a relief.
- Tomorrow we have the Most Important GDP data coming up.
- U.S Fix on Friday crashed more than 10% and crashed below 16.
- India VIX is the range of 12-13.
- Historical low for India VIX is 10.
- We are almost approaching the Historical low now and Premiums are not attractive.
- Option writers have to trade sensibly in such Scenario.
- VIX coming down from high is Positive whereas VIX going up from lower levels in Dangerous.
- As and when Resistance breaks it becomes a support.
- Today if we sustain over 16700 then 16700 can be a good support for this Expiry.
- Nifty might Trade between 16700 to 16880 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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