- 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 as well we had a lack lusture trading day.
- As it's year end , the Volumes are very little.
- Due to these less volumes there's not much movement in Markets.
- Market was within 17200 to 17300 until 3 pm for most of the time.
- After 3 pm there was a sudden downmove.
- Nifty fell 70-80 points whereas Bank Nifty fell 300 points.
- Today's expiry is expected to be rangebound as well.
- Range for today could be 17150 to 17300.
- 17200 PE had the highest open interest on Tuesday.
- Now 17300 CE has added huge amount of open interest.
- This is going to be a stiff resistance for the day.
- Bank Nifty has also witnessed aggressive call writing at all the higher strikes.
- Upside and downside both seem to be quite limited for today.
- But we never know , in this low volume environment one small big move can create trouble for writers and lead Market to trend.
- Chances of this exist but are less likely.
- U.S Markets are at record highs but we are still 8% away on Nifty and 20% away on Bank Nifty.
- We should catch up some of it in January and hence I'm Bullish.
- 16800 is now a short term bottom for this Market.
- Nifty might Trade between 17150 to 17300 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...
Comments