- US markets closed Lower Yesterday.
- A Normal profit booking after a Fantastic rally.
- Markets are Consolidating now.
- Asian Markets are all Trading lower.
- SGX Nifty is Trading near 11870.
- Down by about 50 points.
- 12000 as acting as a stiff resistance now.
- At least for a short term.
- Once this breaks then look to initiate longs.
- Until then look to build Positions towards down side.
- Wipro declared results today.
- But they were not as per Street Expectations.
- Stock has already Rallied and doubled in last 2 Months.
- Expecting some profit booking here.
- IT stocks have entered into profit booking mode.
- Corona Vaccine is not going to come at least for next 3-4 Months.
- Many Research Agencies have paused Trials after getting Negative Results.
- FII's have been buying continuously for last 10 days now.
- Whereas DII's are booking profits.
- Expecting a few weeks on Consolidation in the Markets.
- We have run up too fast.
- Nifty might Trade between 11780-11960 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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