Jittery Markets !! (9th Sep 24)

1. U.S Markets closed lower on Friday.

2. All Indices closed lower.

3. Nasdaq is now down 10% from all time high.

4. It has officially entered into correction mode.

5. S&P 500 is down 5% from all time high.

6. Jobs data were not that bad but due to panic and fear markets dipped on Friday.

7. We too witnessed heavy selling on Friday in our Markets.

8. Nifty broke 25k decisively and closed lower.

9. Asian Markets closed lower.

10. Gift Nifty is indicating a gap down of 50-60 points.

11. 24800 is a very crutial support now for Nifty.

12. U.S Markets have also entered into oversold territory and a pullback may be due anytime.

13. I expect downside to be limited from here on.

14. Nifty going above 25k will negate more downside from here.

15. India VIX shot up above 15 on Friday.

16. VIX below 14 is a stable situation for our Markets.

17. 24700 to 25000 is the new range for nifty now

18. Expect markets to consolidate and trade within this for a while.

19. Nifty might trade between 24750 to 25000 today

20. stockmarketadvisory.in

Comments

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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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