- U.S Markets closed higher Yesterday.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading near 15820.
- Asian Markets are mostly Positive.
- Yesterday we opened higher and were consolidating in the first half.
- Second half witnessed good profit booking due to Bank Nifty & Reliance.
- Bank Nifty was unable to cross 35k yesterday.
- Exactly where the highest open interest was built into.
- Yesterday was one of the least Volatile monthly expiry after many Months.
- June Series was good for the Bulls with Nifty closing 400-500 points higher than preiuous month.
- Bank Nifty underperforming heavily.
- Reliance and IT Stocks have led the rally.
- Going ahead we can expect Bull Market to continue.
- Every dip is a buying opportunity.
- If Nifty has to cross 16k then Bank Nifty has to start performing.
- Bank Nifty support Is required now for Nifty to reach fresh highs.
- I would look to sell Nifty near 15900 today and buy near 15760-15720 with 30-40 points Stoploss either side.
- Nifty might Trade between 15720-15920 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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