- U.S Markets closed mixed yesterday.
- Right now U.S futures & Asian markets are mixed.
- SGX Nifty is at 17200.
- Dow Jones is just few 100 points away from all time high.
- Yesterday after many many trading days we had stability.
- Nifty for the whole day traded within just 70-100 point range.
- Same goes with Bank Nifty as well.
- Yesterday was a very quiet and a flat day on the indices.
- 17200 PE added more than 30L contracts yesterday.
- It closed near 50 points yesterday.
- So these writers are safe upto 17150.
- As long as we hold 17150 there should be some positivity.
- Once we break 17150 then we could have more downfall as these writers would run for cover.
- Surprisingly the premiums are too less now.
- 17200 PE which is just 30 points away from spot is at 50 when we have 2 days left
- Such sort of premiums are generally on Wednesday afternoon.
- Reason is the India VIX.
- India VIX has crashed and that's why premiums are dropping significantly.
- FII's for the first time after 32 trading sessions have bought yesterday.
- Though it was just 200 crores but they were net buyers.
- Nifty might Trade between 17100 to 17300 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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