- U.S Markets closed mixed yesterday.
- Asian markets were mixed yesterday.
- Right now , dow futures are lower.
- Asian markets are also lower right now.
- SGX Nifty is down 40-50 Points.
- Yesterday the star of the show was IT index.
- IT index was higher more than 2% yesterday.
- Now the money is shifting from Banking stocks to IT stocks.
- All this while it was exactly the opposite.
- I sense that markets have run up too fast too quick.
- A minor correction / profit booking would be healthy
- Markets moving in a straight line is always unhealthy.
- As and when the correction comes it could be destructive.
- Minor profit booking helps the market texture going forward.
- India VIX is significantly below 14 now.
- Yesterday there was a bit higher Volatility than normal days.
- Markets top out or bottom out with Volatility.
- 18900 should be difficult to cross in the short term.
- Nifty might trade between 18700 to 18900 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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