- U.S Markets closed lower Yesterday.
- Most importantly , S&P 500 VIX closed 25% higher.
- This is a disturbing sign of option writers.
- When VIX goes higher put options go higher but CE do not fall proportionally.
- It looks like a short term Correction has begun in U.S Market.
- Asian markets and Dow futures are slightly higher now.
- SGX Nifty is down 50 points near 17900.
- Today we have weekly expiry.
- Next expiry we have only 4 trading sessions.
- Market has reversed from 18350 and now has become a sell on rise Market.
- Selling is so severe in first half as soon as we open.
- Both FII's & DII's are net sellers since last 2 days.
- Looks like retail has to be bear the pain.
- Bajaj Finance after declaring fantastic results scaled all time high yesterday.
- As soon as ATH were hit selling began.
- It fell almost 10% from highs yesterday.
- Hoping some stability today due to expiry etc.
- Yesterday's low of 17880 should be crutial support today.
- 18000 should act as an immediate resistance.
- Nifty might Trade between 17850 to 18050 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...
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