- U.S Markets until 1 pm IST were trading lower yesterday.
- After 1 pm there was a short covering rally and Dow closed 300+ points higher.
- Fed Decision was as per Expectation.
- Most Importantly , U.S VIX crashed 12%.
- Due to this Fed Uncertainty VIX has increased in India as well.
- Yesterday in last 30 mins Put option premiums shot up heavily.
- Now as the Uncertainty is over , premiums have been reduced in U.S.
- It was a relief rally yesterday in U.S
- Now U.S Markets may move towards Santa rally.
- SGX Nifty is at 17350.
- Most Important Question is will the Gap up sustain?
- 17350-17375 is the key today.
- If we sustain above these levels for 30 mins then likely we will be having a follow through kinda day.
- Else FII's may sell into the same later during the day.
- 17300 CE added huge open interest yesterday.
- Hence if Market starts sustaining these sellers would be in trouble and would propell Market even higher.
- First 30 minutes no trade should be taken and once should be observing the price action unfold.
- After Clarity , decision can be taken.
- FII's selling is accelerating day by day.
- Yesterday they have sold for more than 3400 crores.
- Nifty might Trade between 17250 to 17500 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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