Skip to main content

Reversal from 18250 !! (8th May 2023)


1. U.S Markets closed higher on Friday.
2. Right now Dow Futures are slightly lower.
3. SGX Nifty is up 20-30 Points.
4. Asian Markets are mostly lower.
5. Friday was a complete roller - coaster day for the Bulls.
6. Market opened with positivity but then selling started.
7. The selling was so severe that Nifty broke 18200 and went all the way to 18100 within an hour.
8. Such was the intensity of the selling. 
9. One Positive thing about Fridays action of U.S Markets is the collapse of VIX.
10. U.S VIX collapsed 14% on Friday.
11. It was going up aggressively before Friday.
12. On Friday , INDIA VIX also jumped higher by 5%.
13. HDFC twins along with Indusind Bank were responsible for this collapse on Friday.
14. Rest of the market was pretty ok.
15. During the day , it felt as if FII's were the one who were booking profits.
16. To my surprise , FII's were net buyers for 700+ crore.
17. DII's have sold for more than 2000+ crores.
18. After the month of October 2021 , Friday was the first day in which DII's have sold more than 2000+ crore on a single day.
19. There have also been many rumours saying the HDFC twins selling was due to MSCI rebranding.
20. I sense there is truthness in this as the selling was so severe that both HDFC twins were lower by 5% each.
21. 18000 is the next big support for our Markets as 18k PE has the highest open interest. 
22. 18250-18300 would be a huge resistance as Markets have reversed from this level.
23. Nifty might trade between 18000 to 18300 today.

Comments

Post a Comment

Popular posts from this blog

BJP Falls short of Majority (5th June 2024)

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
Post a Comment
Read more

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation.  11. All these news have spooked the Global Markets.  12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday.  14. Although it doesn't impact us at all  , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive  16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low to the low for A
Post a Comment
Read more

Global Markets Mayhem !! (5th Aug 24)

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
Post a Comment
Read more