- U.S Markets closed lower yesterday.
- Bank of England hiked the interest rate due to Pandemic.
- U.S reported highest number of COVID cases yesterday.
- Even though Accenture reported stunning results yesterday , Nasdaq was down 2%.
- Yesterday expiry showed the poor performance of our Markets.
- There was a huge gap up but it was sold into heavily.
- Nifty couldn't even hold onto the gains for an hour
- SGX Nifty right now is at 17290.
- Today the most important level to watch out is yesterday low and high.
- Yesterday low was about 17190 and high was 17370 thereabouts.
- Within these levels Nifty would be in a rangebound territory.
- Once if any of these levels gets taken out and it sustains then we can expect a trending move.
- India VIx was down 8% yesterday and option premiums are too low.
- Specially the Put option premiums are too low.
- No point in selling put options at such low premiums when FII's are all out to sell Indian markets.
- Yesterday last 30 minutes buying helped Nifty to recover 80+ points else we would've closed negative.
- Nifty might Trade between 17100 to 17400 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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