- U.S Markets closed lower Yesterday.
- Dow futures are flat right now
- Asian Markets are mixed.
- SGX Nifty is flat.
- We are likely to open very flat today.
- Yesterday I had suggested to buy the dip with a stop of 17400.
- This trade worked out exceedingly well.
- Markets have provided a sharp dip yesterday and closed at the highest point of the day.
- This indicates the trend of the Market.
- The trend is strong on the upside.
- Any dip is a buying opportunity.
- In spite of U.S Markets closing lower yesterday, U.S VIX fell.
- It fell about 3%.
- This indicates there is limited downside in the Market.
- 17400 to 17600 is the range for Nifty currently.
- Markets are expected to be ranging within this range.
- Trending move likely to begin only if any of the above level gets taken out decisively.
- Until then you have to trade the range.
- Trend is positive, so look to buy on dips.
- Nifty might Trade between 17420 to 17700 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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