- U.S Markets closed 650 points higher yesterday.
- Omicron fears seems to be subsiding now in the Markets.
- Dow Futures are Asian markets are slightly lower.
- SGX Nifty is down 30-40 Points.
- Last 2 days been a positive surprise for the Bulls.
- Markets have rallied 400 points in last 2 trading sessions.
- Yesterday last 1 hour huge short covering scaled up Nifty to 17400.
- FII's were net sellers even yesterday but sold for less than 1000 crores.
- Is everything fine and are we out of the woods yet?
- I don't think so.
- We have multiple resistances for Nifty near 17450 , 17500 and 17600.
- 17600 is the most stiff resistance of all and Nifty has reversed 2-3 times from there in the past.
- 17200 is a good support now.
- So now the range seems to be 17200 to 17500.
- Markets are quite volatile and there have been large moves almost on an everyday basis.
- 17000 PE continues to have the highest open interest in monthly options.
- Larger range would be 17000 to 17600.
- Market seems to be overextended now on the upside.
- 17250-17300 dip towards Intraday could be a good place to go long.
- Nifty might Trade between 17200-17500 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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