- U.S Markets closed higher yesterday.
- Asian markets were higher yesterday.
- Right now Dow futures & Asian markets are mixed.
- SGX Nifty is up 300 points.
- Yesterday we had a fantastic rally all over the World.
- All the World Markets have rallied heavily.
- All the markets on an average are up 3-5%.
- We also had participated in the same yesterday.
- War fears are declining and a compromise arrangement is being made
- This is cooling off all the commodity stocks
- Plus pumping in fresh liquidity.
- Today we have expiry plus we have election results.
- Both these events will bring in huge Volatility into the Markets
- 16800 is a very important resistance.
- Until this gets taken off I will look to sell rallies.
- Everything is not good yet and Inflation and rate hike is still round the corner.
- These could be relief rallies and Market could be normal after the same.
- Today's action totally depends on the election verdict.
- VIX crashed 4% yesterday.
- If results come pro Market then expecting it to crash further 4-5% today.
- Nifty might Trade between 16400 to 16800 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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