1. U.S Markets closed higher yesterday.
2. Right now U.S Futures are slightly higher.
3. Gift Nifty is higher by 40-50 Points.
4. We are going to open close to 19600 today on Nifty.
5. Asian markets are higher right now.
6. All the U.S Futures are trading in Green right now.
7. There was a huge crash yesterday for expiry.
8. As soon as we opened, markets were highly Volatile.
9. Nifty and Bank Nifty price action was all over the place.
10. For Intraday option sellers , it was a he'll.
11. Many expiry traders faced huge difficulties and losses yesterday.
12. Markers had opened with Negative global cues yesterday.
13. We kept on going lower and lower on an intraday basis
14. Nifty at one point of time even tested 19500 and reversed slightly in last 10 minutes.
15. Due to expiry issues , compulsory squaring up of positions and monthly expiry etc it got even more volatile.
16. Had it not been expiry yesterday, we wouldn't have fallen this much.
17. Last 3-4 trading sessions , India VIX has risen significantly.
18. From 10 , it has climbed to 13 yesterday.
19. India VIX climbed up 10% Yesterday.
20. Yesterday U.S VIX Crashed 5%.
21. Expecting India VIX to crash 3-4% today.
22. I sense 19500 to be held over the short term and it could also be a short term bottom.
23. Nifty might trade between 19500 to 19750 today.