- U.S Markets rallied on Tuesday.
- Yesterday they were majorly flat
- Right now , Dow Futures are higher.
- SGX Nifty is up 100-150 Points.
- Asian markets are higher.
- U.S VIX fell 5-6% over previous 2 trading sessions.
- VIX crashing indicates stability and reduction of Volatility over the coming days.
- This is quite beneficial for Option writers.
- Indian Markets broke out of 17200 zone which was a major hurdle.
- Now markets have turned Bullish.
- 17200 is the stoploss for long Positions now.
- Markets have now become very difficult to trade.
- Mondays low was 16900 and now we are at 17400.
- These market swings with huge gap openings are going on since past 1 year
- This is also a market phase and would end soon.
- Markets would come to terms sooner than later.
- Due to this Mayhem in the Global Markets & excessive news flow , Volatility increases.
- 17200 to 17500 is the immediate range for Nifty.
- Look for dips close to 17200-17250 to go long
- Do not chase gap ups
- You will hardly get 50-70 points after such huge gap but stoploss would be 200 points
- This doesn't turn risk - reward into our favour.
- 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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