- U.S Markets closed 400 Points higher Yesterday but Dow Futures is Trading 0.5% lower now.
- Asian Markets are all Slightly Negative.
- SGX Nifty is down 40 Points are Trading near 10750.
- Yesterday the Markets Witnessed a big rally on the back of Support from Global Markets.
- FII's & DII's were net Buyers Yesterday.
- Markets have Rallied very Quick in very short time.
- Markets need to slow down and Consolidate a bit now.
- Expecting today to be the day of Consolidation for Nifty.
- LargeCap Heavyweights Performed extremely well Yesterday.
- Reliance was Suggested as a Long Term Recommendation rallied more than 3%.
- HDFC Bank on the back of Good Numbers was up 3% Yesterday.
- Trend Still remains Bullish and it is Still a Buy on dip Market.
- Markets pause after big rallies but that doesn't mean Trend has changed.
- Bank Nifty failed to cross 22400-22500 Yesterday.
- Due to which Nifty was Unable to Sustain above 10800 Yesterday.
- This might take some time to happen.
- Today Markets might trade within a flat range of 100-120 Points on Nifty.
- I have Squared up all my Put Options sell Positions Yesterday as Premiums are already down by 60-70% while still 3 days left for Expiry.
- Will be waiting for dips to sell Put Options.
- Nifty might Trade between 10700-10800 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
Comments