- U.S Markets closed lower yesterday.
- Asian markets are mostly mixed right now.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- Since last many days , Nifty is opening flat.
- If I'm not wrong , today will be the fourth straight day of flat opening.
- Yesterday we had the U.S Sales data.
- The data wasn't much favorable to the markets.
- So it led to a bit of profit booking Yesterday.
- Hdfc twins which were the joker of packs around 3 months ago.
- All the other stocks were flying apart from these two.
- These two giants have finally woke up now.
- All the large cap stocks are catching up now.
- Yesterday it was the bank Nifty which outperformed the market.
- Nifty was flat throughout the day but bank Nifty kept moving higher.
- 18200 is a strong support for Nifty for positional basis.
- 42000 is a strong support for bank Nifty.
- Resistance for Nifty would come close to 18500.
- If this gets taken out then second resistance near all time high.
- Currently I have 18000 PE sell 18700 CE sell for monthly expiry.
- These two combined I've sold 100rs few days ago.
- I'm just trailing these positions.
- For today's expiry I've sold 18250 PE Yesterday which is likely to go zero today.
- I'm taking more Bullish bets than bearish ones as of now.
- Nifty might trade between 18300 to 18500 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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