U.S Markets scale fresh Highs !! (22nd May 2024)

1. U.S Markets closed higher Yesterday.

2. U.S Markets are trading at their record highs.

3. Everyday the U.S Markets are hitting a fresh high.

4. Such is the Bullishness In the markets.

5. Yesterday was a day of Consolidation.

6. Today we have Bank Nifty expiry

7. Bank Nifty expiry tend to be highly Volatile.

8. There will be some erratic moves today

9. India VIX was up y% Yesterday.

10. It touched its pevious high of 22 & reversed a bit.

11. Whether that was a double top or not , time will say.

12. I expect Volatility to reduce going ahead.

13. The trend is Bullish.

14. It's not ultra Bullish that you buy at any level.

15. It's a buy on dips market.

16. The support for Nifty is at 22400 and resistance is at 22700-22800.

17. Expect Nifty to trade within this range for some time.

18. Consolidation is good for the markets in the short term.

19. Nifty might trade between 22400 to 22640 today.

20. stockmarketadvisory.in

Comments

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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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