- U.S Markets closed lower Yesterday.
- Asian Markets are Majorly Flat.
- Due to Good results by Amazon overnight Nasdaq is up 2%
- This took SGX Nifty higher by 30-40 points overnight.
- Yesterday our Markets Witnessed big selling.
- Monthly Expiry are very Volatile.
- Yesterday it was no less.
- August Month will be very Volatile and my expectation is it will belong to the Bears.
- Markets have Rallied a lot in July and now they Seem to be heading near the top.
- Fall may not happen so early but it is bound to happen.
- Reliance came up not so good results.
- Street Expectations were very low but results were good Compared to the Expectations.
- Time to be cautioned on the upper side.
- 11300 seems to be very Difficult to be broken away anytime soon.
- 11000 is a strong support .
- HDFC ltd also posted bad results Yesterday which aggreviated the selling.
- Markets moving Violently within this Range.
- Good risk reward lies in taking contra Trades nearer to the Boundaries.
- Nifty might trade between 11060-11200 today.
- 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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