1. U.S Markets closed higher on Friday.
2. Right now , Dow futures are higher.
3. Asian markets are mixed.
4.SGX Nifty is up 80-90 Points.
5.Friday there was yet again a bloodbath in the markets.
6.As soon as Nifty broke 18k there was a huge sell off.
7. I had mentioned that if 18k gets taken out then we would be heading towards 17800.
8.Nifty closed exactly near 17800.
9. I did not expect 17800 to come on Friday itself.
10.Such was the intense sell off that Nifty went close to 17800 the same day.
11.This sell off is majorly due to China Covid news.
12.There have been reports that China will stop giving covid updates .
13. This would help people a lot as the panic caused due to the same would be lower.
14.17800 to 18000 is the range for nifty now.
15. If we break 17800 then we must prepare for 17500.
16.Bullish only above 18k.
17. Expect a consolidation within this range.
18.Nifty might trade between 17750 to 18050 today.