- U.S Markets closed 450 points lower yesterday.
- Surprisingly , Asian markets are outperforming Global Markets.
- Right now Dow futures and Asian markets are higher.
- Yesterday U.S Markets were trading higher for most part.
- News broke out regarding an Omicron case found in California.
- This caused huge panic selling.
- U.S VIX crossed 30 yesterday.
- VIX above 30 is a red flag and one has to be careful.
- Yesterday for the first time after many sessions we had a stable closing.
- Bank Nifty closed strong and showed some momentum.
- Nifty at one point witnessed selling but was bought into from lows.
- Smart money has been shifting from Global Markets to Asian markets.
- Asian Countries haven't discovered an Omicron case yet.
- I expect Markets to consolidate for some time now.
- 17000 to 17300 could be the range.
- Unless any fresh news or triggers are emerged this range could play out for 2-3 trading sessions.
- Bank Nifty looks strong and 36000 is a good support.
- Put option premiums are quite high whereas Call options are not that attactive.
- FII's have sold about 2700 crores yesterday but DII's have bought for 3400 crores.
- Nifty might Trade between 17050 to 17250 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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