Will we hold 200 DMA ? (18th Nov 24)

1. U.S Markets closed lower on Friday.

2. Asian markets are mixed right now.

3. There was some profit booking after a bug rally in U.S Markets.

4. U.S VIX crossed 15 on Friday.

5. Gift Nifty is indicating a gap down of 80-100 points.

6. The next big trigger for our Markets is the Maharashtra state elections.

7. It has the capability to move the markets by 2-3%

8. Over the weekend there were reports floating around that CLSA has increased India allocation.

9. Goldman Sachs has also in an interview said they are Bullish on India.

10. The issue here is we should not get overexcited immediately.

11. They might keep selling for a while even after such statements.

12. Focus on price action and levels to decide trading strategies.

13. Do not decide based on such statements.

14. Majority of the largecaps are already down 20-30% from the peak

15. All these are providing a good opportunity to enter.

16. A reversal is due anytime in the markets as we are at highly oversold levels.

17. There are only 8 trading sessions left for expiry as we have a holiday on 20th November.

18. This is a sell on rally Market currently.

19.Nifty might trade between 23300 to 23700 today.

20. stockmarketadvisory.in

Comments

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1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low to the low for A

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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