- US markets closed a percent higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is Trading around 11240 now.
- Yesterday our Markets Witnessed large profit booking in last hour.
- Reason was Majorly Reliance.
- Today around 5.30 pm it is coming up with Results .
- So there was a heavy profit booking here.
- The good thing is Yesterday in Spite of Markets closing low most of the stocks were in green and few in red.
- Market breadth was towards Advances.
- Yesterday US fed came up with a Positive Outlook and came up with measures to revive economy.
- Also they have said that they have all the Tools to ensure Liquidity and use it when needed.
- This Created a Positive sentiment and US markets rallied.
- Many people after Yesterdays fall start to Question that has the Trend changed.
- According to me the answer is NO.
- Trend will not change until Global Markets become Bearish.
- As long as Global Markets are Rallying we will also Participate.
- Every dip is buying Opportunity.
- Expecting Today's Expiry to be Rangebound with a Slight Positive Bias.
- Expecting today's range between 11180-11340.
- Will set puts below 11200 and calls above 11350 and keep Adjusting positions.
- Have not Carried any Positions due to event in U.S.
- But that has come on expected lines so there is not much impact on our markets.
- Consult your Financial Advisor and trade on your own risk.
- 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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