- US markets fell, worst fall since October 2020.
- Worst Gap down hinting for SGX Nifty today.
- 300 Point Gap down we are likely to open into.
- So the logic is simple , selling again after a gap down doesn't make sense now it's the time to buy.
- Buy big gap downs sell big gap ups , that's where risk - reward is in your favour.
- So I'm interested to buy this gap down on a Positional basis by keeping stoploss of 14650 which is last weeks low.
- Volatility will be high today.
- India VIX is likely to trade above 30.
- Do not worry about Global issues and worry of this gap down.
- Trend will always sustain and it sustains for longer term.
- Many People are talking about Bear Market and trend reversal.
- I don't think so.
- Trends don't change so easily and so quickly.
- So forget about that.
- Nifty might Trade between 14760-15000 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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