- US markets closed higher.
- Dow Future's down 100 Points now.
- At highest point, Dow was up 1500 points at one point.
- SGX Nifty touched 12780.
- But now they have cooled off.
- This is a post Elections rally.
- Joe Biden winning favours U.S market due to which we witness such sharp rallies.
- Expecting some Consolidation now in the Markets.
- SGX Nifty is up 200 Points now.
- How long will this rally sustain?
- Can we touch to higher highs?
- Time will say.
- But i expect a Consolidation now for few weeks.
- Nifty is up 1000 Points in 6-7 trading sessions.
- This is a stellar rally.
- Trend is still up.
- But im not a buyer now.
- I won't chase these gap ups.
- Market is opening with Big gap ups now a days and consolidating for the rest of the day.
- This is happening from almost 2 Months now.
- Intraday traders are not getting another serious.
- Those who have the guts to carry overnight trades are making money if they are on the right side of the game.
- Call writers are getting trapped with such stellar unexpected rally.
- FII's continue to buy in big nukbers.
- Nifty might Trade between 12620-12800 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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