- US markets closed Flat Yesterday.
- Asian markets are trading with negative bias.
- Chinese Markets are closed for a week.
- SGX Nifty is In Flat Terrain.
- Markets all over the world are consolidating at higher levels.
- Indian Markets are also the same.
- An Agreement has been signed at Indo - China Border to control the Military forces.
- This will trigger a Postive sentiment over the Globe.
- Reliance Witnessed a good short covering rally Yesterday.
- If Reliance continues its momentum then downside for Nifty is almost NIL.
- India VIX cooled off a bit Yesterday.
- Over the Budget India VIX kept increasing.
- Yesterday's fall in India VIX indicating the fear is reducing at higher levels.
- Also Markets have been Consolidating so this is also contributing for a fall in India VIX.
- Consolidation is also a Positive sign for the Bulls.
- ITC has come up with decent results Yesterday.
- FMCG division in many areas witnessed double digit growth.
- It would be interesting to see how the stock reacts today.
- Expecting this week to be a Consolidation week.
- Don't expect Markets to make a big move.
- 15000 to 15400 is the primary range.
- Will look for Adjustments if this range doesn't hold on.
- Nifty might Trade between 15080-15260 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
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