1. U.S Markets closed mixed Yesterday. 2. S&P 500 and Nasdaq closed lower whereas Dow closed higher. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. Looks like global Markets are finally recovering from the Doldrums of IT major results. 6. Indian Markets , apart from Banks are in a strong momentum. 7. Banks are facing issues of their own. 8. Bank Nifty is leading the underperformance 9. Large banks are facing deposit growth because smaller players are taking away small share of them. 10. Hdfc bank , Kotak Bank , Axis Bank etc all have reported low deposit growth. 11. On the other hand AU Small finance bank posted amazing set of numbers 12. This Is a market which is divided currently. 13. Some companies have been posting exceptional results whereas some are dull. 14. You need to invest in the good ones to make money 15. Nifty immediate resistance is 24500 , once 24500 is crossed , I do not see any resistance upto 24800. 16. So the momentum i
1. U.S Markets crashed Yesterday. 2. All the indices closed lower. 3. Nasdaq was down more than 3% , S&P 500 down more than 2% and Dow about a percent. 4. U.S VIX jumped 20% Yesterday 5. This shows the fear prevailing in the markets. 6. All this is because of poor numbers reported by Tesla 7. Gift Nifty is down more than 200 points. 8. We are likely to open near 24200 9. Straight away we are going to open near support levels. 10. 24200-24100 & 24000 are very important support levels. 11. This market is showing signs of correction. 12. Specially, the largecaps. 13. The budget low of 24070 is a massive support. 14. Once 24k breaks , we would be headed towards 23800. 15. Today is expiry too , so expiry related issues might creep in. 16. Expecting first half to be volatile. 17. 2nd half we might witness some recovery. 18. 24000 is a very crutial support and 24500 the resistance. 19. Nifty might trade between 24000 to 24400 today. 20. stockmarketadvisory.in