- U.S Markets were closed Yesterday
- Right now Dow futures are Lower.
- Asian markets are mostly lower.
- SGX Nifty is near 17000.
- Suggesting a big gap down start for the day.
- This is due to the ongoing uncertainty around Russia - Ukraine war.
- Markets can handle good news , markets can handle bad news , but Markets cannot handle uncertainty.
- In Uncertain times , the worst gets discounted in the Markets.
- Later when the uncertainty is out Market rallies once again.
- Another disturbing thing is the India VIX going up almost everyday from last 3 days.
- Without any corresponding bad news india VIX going higher is a worrying sign.
- Yesterday VIX closed at 23.
- Today we might close near 24 as we are already expecting huge gap down open.
- 17000-17050 is the first support area for the day.
- Once this gets taken out the support emerges at 16850 -16800 area.
- 17500 has the highest open interest among calls.
- One can try a long trade near 17000-17050 with a stoploss near 16950.
- This a very good risk reward trade.
- Nifty might Trade between 16980 to 17300 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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