- U.S Futures were down more than 2% Yesterday when Indian Markets were active.
- That was the reason of such a big fall Yesterday.
- 11000 was the place of support and that was taken away.
- Bank Nifty below 21k.
- Now U.S Futures are slightly positive so SGX Nifty has recovered from 10800 to 10900.
- Month end expiry and all longs trapped.
- Everything contributed to a huge fall in the Markets.
- FII's have been selling relentlessly for the past week.
- As I previously mentioned , September will belong to the bears and the same happened.
- Coming to October series.
- One thing is for sure , unless Nifty crosses 11200 I won't be taking long Positions.
- I will be Bullish only when major resistance areas gets taken out and we sustain.
- Because when Market falls it falls with high steam and when it goes up the speed is of tortoise.
- This is a sell on Rallies Market now.
- Sell on Rallies until you get a clear Breakout.
- Many countries Considering to Lockdown again.
- Corona Virus vaccine getting postoponed.
- Also U.S elections around the Corner.
- Everything would lead to high Volatility until Diwali.
- Will look to sell Call options in Banking stocks on Pullbacks.
- Nifty might Trade between 10800-11000 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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