- 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 YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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