- U.S Markets closed higher Yesterday.
- Nasdaq is just 1% away from record highs.
- Technology stocks are outperforming both in U.S and India.
- Right now Asian markets and Dow futures are flat.
- SGX Nifty is Trading at 18450 almost flat.
- Yesterday was a highly volatile trading day.
- Nifty witnessed a huge gap up near 18600 and this got sold into within minutes.
- Market recovered swiftly during the day and closed near 18400.
- Yesterday there was heavy profit booking in momentum stocks.
- All the stocks that have rallied too quick too fast started to fall.
- Nifty heavyweights were mostly higher yesterday it was just broader Market collapse.
- HDFC Bank ADR was up 2.5% yesterday in U.S Market.
- Can expect it to outperform today as well.
- Wednesdays are mostly volatile trading days but I feel today could be a silent day as we have witnessed volatility yesterday.
- Expect Banking stocks to continue outperforming.
- HUL results didn't help the Markets either.
- As soon as the resukts were announced all the FMCG Stocks witnessed heavy profit booking.
- Expect Markets to consolidate before going higher.
- 18300 PE & 18600 CE has the highest open interest.
- Option writers are betting on this range for expiry which I feel should work.
- Nifty might Trade between 18300 to 18600 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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