- US markets closed Negative Yesterday.
- Asian Markets are Trading Flat.
- Right now, as Presidential Candidates heated debate is going on, US futures are Trading higher.
- From Past 2 Months markets have been all over the place but the mean was near 11200 on Nifty.
- Bank Nifty was one of the major Volatile Indice.
- Now Markets will be closely keeping an eye on U.S Presidential Elections.
- This is likely to be the next biggest event for the Markets.
- FII's have sold more than 1000 crores Yesterday.
- DII's supported the Markets in October expiry beginning.
- But FII's now have been selling relentlessly.
- One has to be cautious now on the long side.
- Liquidity seems to be curbing in the Primary market due to many IPO's being launched.
- IPO's have been oversubscribing more than 50X each on average so majority funds are blocked there.
- India VIX is slowly inching higher.
- I will look to build short Positions near 11300-11350 on Nifty (Positional)
- Possibilities that Reliance may hold Nifty today.
- As they have some more Investments from General Atlantic.
- Just as I type Dow Futures down 1% after the Presidential debate after they were in Green.
- So get ready for a high Volatile session today.
- Nifty might Trade between 11120-11340 today.
- stockmarketsadvisory.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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