WILL NASDAQ fall lead to Indian index correction ?
NASDAQ after re-testing its ATH countered a profit booking in the last week, Indian markets also remained volatile looking for directions from global markets
Now that NASDAQ has broken its trend line, support zone and expected to fall at least for a couple of days, How would Indian markets react
the movement of NASDAQ happens outside of Indian trading hours, so any downside in NASDAQ is usually factored as GAP DOWNS or GAP UPS.
GAP DOWN expected, and one more GAP DOWN Tomorrow can't be ruled out looking at price action of NASDAQ
This is curtailed week for Indian trading, so expect volatility and premiums would be vaporised like anything if you are an option buyer and caught on the wrong side.
selling NIFTY OTM CE would be a safer option
Trade Safe
Now that NASDAQ has broken its trend line, support zone and expected to fall at least for a couple of days, How would Indian markets react
the movement of NASDAQ happens outside of Indian trading hours, so any downside in NASDAQ is usually factored as GAP DOWNS or GAP UPS.
GAP DOWN expected, and one more GAP DOWN Tomorrow can't be ruled out looking at price action of NASDAQ
This is curtailed week for Indian trading, so expect volatility and premiums would be vaporised like anything if you are an option buyer and caught on the wrong side.
selling NIFTY OTM CE would be a safer option
Trade Safe
Trade closed: target reached:
Target 1 reached... moving towards target 2