Market to open gap negative today reason being,
1)OI of the CALLS & PUTS going for a toss by some drastic ebb & flow.
2)Market was expecting a Dovish response from the FED meet on unwinding the 2008 stimulus but got the opposite of that.
3)Price rise in the 10 yr US bond yield shows somethings fishy out there.
Now the 10086 level becomes the most important level from where the market has tried to jump up couple of times in the last few weeks. Market would turn bearish once it breaches and closes below 10086.
1)OI of the CALLS & PUTS going for a toss by some drastic ebb & flow.
2)Market was expecting a Dovish response from the FED meet on unwinding the 2008 stimulus but got the opposite of that.
3)Price rise in the 10 yr US bond yield shows somethings fishy out there.
Now the 10086 level becomes the most important level from where the market has tried to jump up couple of times in the last few weeks. Market would turn bearish once it breaches and closes below 10086.