1. U.S Markets closed lower yesterday.
2. Day before yesterday, markets closed lower.
3. Right now , U.S Futures are lower.
4. U.S VIX closed 6% higher yesterday.
5. Gift Nifty is down 70-80 Points.
6. Asian markets are al down.
7. Nifty is likely to open near 19040.
8. 19200 was a very very critical level for Nifty now.
9. Yesterday , 19200 got broken quite easily.
10. As soon as 19200 got broken , there was a free fall in the markets
11. Nifty kept moving lower and lower during the day.
12. Now , next support for markets is at 19000.
13. If this breaks , then final support is at 18880.
14. We have resistance at 19200 , 19350 and 19500.
15. 19200 calls have been sold heavily Yesterday.
16. Many of the large caps have come at attractive valuations now.
17. HDFC Bank and Reliance are close to bottoming out.
18. Froth still lies in the Mid and small cap space.
19. Mid and small cap space was over heated in the past many months.
20. Now , the Valuations would come to reality.
21. Nifty might trade between 19000 to 19200 today