- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is trading flat.
- Yesterday was a flat session
- Nifty was trading close to 18600 for most of the day.
- It was almost a consolidation throughout the day.
- Throughout the day nifty was trading in just 50 point range.
- Nifty has now found multiple supports near 18600
- 18600 should be a good support for now.
- There are many events and also RBI policy in store.
- So due to Volatility markets might hunt stoploss.
- Traders need to keep in mind the Volatility and Gamma effect.
- It's advised to go in with low volumes at first.
- Not to go with heavy volumes at first.
- 18600 to 18900 is the range for now.
- Markets might consolidate within this range
- Bigger trade would emerge only if either of these levels gets taken out.
- Nifty might trade between 18550 to 18800 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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