- 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 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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