- U.S Markets closed lower yesterday.
- It was the last day of the Financial year and investors seemed to have taken out some profits.
- Our markets were firm and we're trading within a flat range yesterday.
- SGX Nifty is down 50-60 points
- 17400-17425 is a very good support zone immediately.
- This is the zone to go long at first with 30-50 point stoploss.
- This is a buy on dip Market.
- FII's & DII's both have turned net buyers since last 2 trading sessions.
- This indicates strength and momentum on the upside immediately.
- Right now Dow futures are higher.
- Asian markets are flat.
- First couple of trading sessions decide the course for the whole month.
- If we manage to cross 17500 and sustain then doors for 17800 is open.
- 17600 is the pre war low so this will act as a next week resistance after 17500.
- India VIX was higher slightly yesterday.
- Bank Nifty is near 200 DMA and it has still some unfinished business.
- 38000 could easily surpass on the Bank Nifty from here.
- This will drive the momentum for Nifty
- Axis Bank has taken over Citi Bank so expect Axis Bank to outperform among banks.
- Nifty might Trade between 17380 to 17600 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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