- US markets closed flat , the same has been going on from quite a long time now.
- Asian Markets are Mindly Positive.
- SGX Nifty is Trading around 11340.
- August upto now seems to be a Month for Consolidation.
- Markets have been Consolidating since last 2 weeks.
- Nifty has been Trading within 300 Point Range.
- With AGR news Postponed there is no major event for Markets.
- Nifty & Bank Nifty is Consolidating but Midcaps are Outperforming.
- Midcaps are in a Bull Market of their own.
- Investors should be very Careful here.
- As Good Quality Stocks are not Performing now from some time ,investors make the mistake of loading up the Portfolio with Junk Midcap Stocks.
- When Markets fall these stocks will fall rapidly while Quality Stocks won't fall much.
- So Investors should always stick to Quality stocks.
- Bank Nifty is showing some strength but all rallies are being sold into there.
- From few weeks Nifty is opening gap up and selling off during the day.
- This seems to be picture.
- FII's were net Buyers Yesterday and DII's were net sellers.
- Expecting this Consolidation to continue for today also.
- Nifty might Trade between 11280-11440 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
Comments