Momentum to Continue? (15th Dec 2023)

1. U.S Markets closed slightly higher yesterday

2. Right now , Dow Futures are slightly higher.

3. Asian markets are higher

4. Gift Nifty is indicating a gap up of 70-80 Points.

5. U.S VIX was slightly higher yesterday.

6. Yesterday markets opened above 21k and gained momentum from there.

7. This shows that Markets in a Bullish Momentum.

8. 21200 was likely a resistance for Yesterday and markets closed exactly near the same.

9. Bank Nifty was the star of the show yesterday.

10. Bank Nifty rallied more than 1.5% Yesterday.

11. When Bank Nifty rallies , it helps Nifty to rally and automatically takes it higher.

12. Markets In the short run have run up a lot and that too without break.

13. There is one way rally from 18850 to 21200 Nifty.

14. This isn't actually so good for the markets.

15. The fall as and when it comes will also be fast and furious.

16. Markets spending some time and consolidating will add on to the strength of the Bulls in the long term.

17. Now the range has shifted from 21k to 21500.

18. Time to be Bullish but now buy at any level

19. Buying at S1 would be a good option always.

20. In rampant bull markets you won't be able to find opportunities for the market to come at Support 2 or support 3.

21. Nifty might trade between 21100 to 21300 today.

22. stockmarketadvisory.in

Comments

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