- U.S Markets closed lower on Friday.
- Asian markets are lower.
- SGX nifty is down 200 points.
- So there is a huge gap down in store.
- Every day we are opening with big gap down in the month of May.
- U.S markets are finding some support near 52 week lows.
- How long will this sustain we have to see.
- Yesterday night all the crypto currencies fell at least 5%.
- So it gave a clue that Dow futures could be negative.
- But it would be down more than 1% nobody expected.
- It's more likely that we would be heading to our 52 week lows as well
- 16000 PE has the open interest in monthly options as well as weekly.
- These are also in trouble right now because of such huge gap downs
- At each and every level there is large call writing now.
- All Call options above 16500 have huge open interest in monthly.
- FII's long position stands only at 22% and shorts at 78%.
- I haven't seen such bearish positioning by FII since Covid 2020.
- Just imagine if they cover 78% shorts itself this could lead Market higher .
- Right now things are looking quite bad and we seem to be heading to 15700 as well if 16100 is broken decisively.
- Nifty might Trade between 16100 to 16400 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. 20. Com
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