- US markets ended 2% higher on Friday.
- Asian Markets look Weak Today.
- SGX Nifty is Trading near 9250 as of now.
- No Positive news related to Corona Virus Front.
- Cases in India are at its Highest almost Every day.
- Most Countries have come up with plans to open up their Economy.
- Opening up the Economy sounds good but the issue is what if the Cases start to Multiply after opening up the Economy.
- HDFC Bank has declared it's Results over the Weekend & the results look Mixed.
- Private Banking Index was up 7% on Friday & there was a good amount of short covering in these Stocks.
- Too early to say that we have made a Bottom near 7500 on Nifty.
- Expect Markets to remain Rangebound for some days.
- Markets Seem to be Consolidating in a Range & the best way to trade these Markets is to Trade near the Boundaries.
- There might be a RANGE Expansion is this week but for some days Markets Seem to Consolidate.
- India VIX has Crashed from it's highest peak level of 84 to almost 42 now.
- Fall of 50% in less a Month in India VIX shows Markets have largely Stabilised & the Panic is not as its used to be.
- Infosys is likely to come up with it's results today.
- Nifty might Trade between 9000 to 9330 Today.
- Nifty is facing stiff Resistance near the Zones of 9320-9350 & once this level has breached , we can expect Nifty to go to 9500 Zones.
- Expecting India VIX to fall further & Trade below the levels of 35 April End.
- Option Buyers should consider the Range , the Market Swings & not be Trapped.
- Skilled Traders can make money on both sides in this Ranging Markets whereas UNSKILLED traders will lose Trading on both sides.( Buy & Sell Sides)
- stockmarketadvisory.in
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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