- US markets were closed yesterday.
- So nothing Major Macro Cues.
- Dow futures are Trading in Green now.
- Our Markets , in spite of many issues are consolidating.
- Consolidation is not a bad thing at this point of time.
- Infact it's considered Positive for the Bulls as of now.
- Yesterday Idea - Vodafone event was a non event.
- There was nothing Major except a name change.
- This is nothing to be considered as Strategic alliance.
- Bank Nifty is looking very weak.
- Any small Pullback in Bank Nifty is also getting sold into very Aggressively.
- FII's & DII's have also been selling very Aggressively.
- From last week their selling has been accentuated.
- The view as of now is Negative - Neutral.
- Traders should look to sell into any Pullbacks.
- Buying on dips should not work for now.
- Markets can remain Irrational for some time now but sooner or later they will come in line with economy.
- Nifty might Trade between 11200-11380 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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