- U.S Markets closed more than a percent higher Yesterday.
- Right now U.S Futures are slightly higher.
- SGX Nifty inching towards 15900.
- This has been a dramatic recovery in Global Markets.
- Yesterday during our Market hours Dow futures was down more than 1%.
- By Afternoon they have turn positive and since then the rally has continued.
- Yesterday Bank Nifty outperformed Nifty and was up 700 Points from day low.
- After a Big gap down it was a one way Trending day on the upside.
- This upside should continue.
- Today is Tuesday & two days are left before expiry.
- Today we can expect Rangebound markets.
- So Market night throw some surprises Intraday.
- Reliance AGM is scheduled on 24th June and Expectations are quite large.
- Reliance is likely to lead this rally & Outperform on these Expectations.
- FII's & DII's turned net buyers Yesterday.
- Infosys and Reliance are the two which will lead Markets on the upside.
- 16000 is a stiff resistance whereas support has been shifted to 15600 for this expiry
- Nifty might Trade between 15720 to 15940 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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