- US markets trading at fresh record highs with each passing day.
- Asian markets are slightly Bullish.
- SGX Nifty is Trading near 11620.
- This has been a Phenomenal rally by the Markets.
- Nobody expected markets to recover so quick , so fast.
- August Month has also been a great Month for Bull's.
- How long will this rally sustain? Can our Markets touch fresh record highs?
- The Answer is Yes , anything is Possible.
- The rally is so strong that Bears are being taken to cleaners.
- Expecting a Month of Consolidation for September.
- These are all Probabilities , not Certainties.
- Markets can do anything out of the box.
- August Month belonged to Bank Nifty.
- Bank Nifty was underperforming for last 2 Months.
- But in August Bank Nifty Single Handedly took Nifty higher.
- It is a Buy on dip Market.
- Just follow the Trend and make money.
- Do not do anything fancy.
- Reliance has entered into Consolidation phase.
- FiI's have been buying continuously whereas DII's have been selling.
- Nifty might trade between 11520-11680 today.
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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