- US markets closed Flat on Friday.
- Today Asian markets are also Flat.
- Markets are in a Consolidation zone.
- They are waiting for some big Announcements like Stimulus , Elections , Corporate Results etc.
- SGX Nifty is also Flat.
- There are many Negative news floating around.
- RBI Governer Shaktikanta Das has been tested positive for Corona Virus.
- U.S Government stimulus deal has not happened.
- Corona Virus patients increasing in U.S , Emergency being declared in Spain as Second Wave starts to intensify.
- There is also News floating around that Kotak Bank is looking to acquire IndusInd Bank.
- This seems more of a rumour now.
- Kotak Bank should come up with a official confirmation soon.
- India might also witness second wave of Corona Virus by November End.
- Remember, Second Wave of Corona Virus is doubly Deadlier than First Wave.
- This week is very Important for the Markets.
- As majority of the Nifty companies are coming up with it's results.
- We will continue to trade in the range 11780-12000.
- If any of these levels breaks and we get closing above that , then we might witness follow through.
- So we are likely to trade on a sideways zone for a couple of sessions.
- Monthly expiry Market Generally gives a big move.
- One needs to wait for that and not get trapped while markets Consolidate.
- Nifty might Trade between 11780-12020 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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