- U.S Markets closed lower Yesterday.
- Dow futures right now are slightly lower.
- Asian markets are mixed.
- SGX Nifty is down 1000-120 points.
- We have yet another gap down today.
- U.S Markets are going through a correction phase due to increase in inflation and fed corcerns.
- Yesterday Fed released its minutes and pointed out almost 1.5% interest rate hike combined throughout the year.
- This is making U.S markets jittery.
- Due to which we are witnessing gap downs.
- Brent crude fell 5% yesterday and that's a good news for us.
- I get the sense that this is just a passing correction.
- 17700 is a very strong support.
- Until we break 17700 this Market is a long.
- Once Market absorbs all this news , it will be up in double speed.
- We might consolidate for some days near 17700-17650 levels and then start fresh upside.
- Stoploss for your long positions should be at 1760p on Nifty.
- 17800 PE & 17900 , 18000 CE added huge open interest.
- 17800 CE also has added some open interest.
- So today's expiry could likely be between 17700 to 17900.
- Bank Nifty has huge OI at 37500 PE & 38000 CE.
- It's likely to consolidate between this range today.
- Nifty might Trade between 17700 to 17900 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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