- US markets closed higher.
- Dow futures were Negative Yesterday after the debate.
- Asian Markets are higher
- But overnight everything changed and now they are higher.
- SGX Nifty is more than 100 Points gap up.
- Today is expiry and tomorrow markets are closed , so this is going to be a long weekend.
- Yesterday my advice was to sell near 11300-11350 and that worked for the day.
- Now this Gap up is also a good Opportunity to sell into.
- Bank Nifty not looking much stronger.
- Nifty is more bullish than Bank Nifty.
- But after this big gap up buying doesn't match risk to return.
- FIIs continue to sell heavily
- Whereas DII's are pumping in cash and Supporting our Markets.
- Yesterday they have sold for more than 700 crores.
- Bank Nifty is likely to be much more Volatile today.
- Option sellers should avoid Trading Bank Nifty today as Stoploss of both directions might get hit
- Stoploss for short trade on Nifty could be near 11420
- Nifty might Trade between 11260-11440.
- 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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