1. U.S Markets closed higher yesterday.
2. This is because of excellent corporate results there.
3. Asian markets are mixed
4. U.S VIX is now below 19.
5. Gift Nifty is indicating a gap down of 120 points.
6. This is a big gap down considering yesterday's fall on Nifty.
7. This is mainly due to poor Corporate results.
8. There is not even a single Nifty 50 company which has given beat on earnings.
9. Banking is yet to declare results
10. Hdfc bank will declare results on Saturday.
11. Infy came out numbers yesterday but it's ADR was down 2%.
12. These results also couldn't impress the street.
13. Stock prices rally only when they are backed by results
14. Otherwise the rally is just temporary.
15. First 30 minutes to 1 hour would be very crutial today.
16. If after gap down market takes out the low and keeps falling then it's a conformed breakdown and we may see even lower levels in coming days.
17. If Nifty doesn't break the days low in first 15 minutes then we can see a reversal.
18. FII's have also been selling aggressively.
19. The only positive could be is all the largecaps are already down 10-15% each film highs.
20. Most negatives are already factored in.
21. Nifty might trade between 24600 to 24900 today.
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