Do not chase the Market !! (4th July 2023)

1 U.S Markets closed flat yesterday.

2. Right now , Dow Futures are flat.

3. Asian markets are mixed

4. SGX Nifty is indicating a gap up of 20 points.

5. Yesterday , I didn't expect the markets to keep on rallying.

6. After a huge rally there was some expectation for profit booking/ consolidation

7. Thus is just our expectation

8. Markets always have some other plans in store.

9. Markets keep rallying yesterday as well.

10. Yesterday's rally was not that broad based.

11. NBFC Stocks led the rally yesterday.

12. To be frank , I sense Yesterday's rally was a bit overdone.

13. 19200 is a crucial support for now.

14. This level offers a good buying opportunity

15. On the upside , sky is the limit as Markets are at lifetime highs.

16. So we cannot say until when and where shall this rally sustain.

17. The way to trade now is to keep trailing stoploss if you already have long positions.

18. Those who do not have long positions should wait for a dip to enter.

19. Now we are in a run away Bull market so a dip may or may not be offered

20. Nifty might trade between 19200 to 19400 today.

21. stockmarketadvisory.in

Comments

BJP Falls short of Majority (5th June 2024)

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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

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

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