- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are slightly lower.
- SGX Nifty is higher by 120-150 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Today we may have a test of 17450-17500.
- I don't think we may surpass this level today itself.
- As 17200 short straddle has the highest open interest and it's at 300rs.
- These people will make profit between 16900-17500.
- There were reports claiming Putin and Zelensky have agreed to negotiate and talk.
- Also there were reports to end the ongoing War.
- U.S VIX crashed yet another 3% yesterday.
- This is below 19 now.
- India VIX closed near 21 yesterday.
- Expecting this to come even lower in coming days.
- Markets have been highly volatile since feb end.
- In March itself Nifty has made a swing of 3500+ points.
- From 17200 to 15700 and now 17500.
- This is some crazy swing and it causes positional trading very difficult.
- Markets consolidating is a good sign as there would be more steam on the upside.
- Nifty might Trade between 17200 to 17500 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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