- US markets were closed Yesterday.
- But U.S Markets are Trading lower now.
- Asian markets are mixed.
- SGX Nifty is up by 30 Points.
- Yesterday Market was highly Volatile.
- From 12800 the Market show up to 13k in 2nd half.
- November was an Excellent bull run.
- Expecting December to be sideways / Consolidating at least for the first week.
- December is a long month with 5 weekly expiry.
- Yesterday FII's started buying again.
- They've bought for 2000+ crores.
- Today Evening GDP data is an important Data which would be out.
- This is an Important Data to note.
- This FII buying & Bullishness cannot go on forever.
- Time to be a bit cautious now.
- Nifty might Trade between 12920-13100 today.
- stockmarketadvisory.in
- Question of the day by MRS. Shweta
- What is a Trading Plan & how to prepare one?
- A Trading plan should consist of all the Important factors , notes and key levels to note.
- Important news like which company is coming up results , any major event lined up etc which needs to be watched should be noted in the Trading Plan.
- Analysis should be done before Market and in the Market you just need Execution.
- When Market opens and by watching Price action our Gut feeling takes over which is Disastrous for Trading . If u have a fixed entry point before Market opens you just have to wait for Market coming in your zone rather than just chasing the same.
- Also after the Market hours it's Important to review the same. Did my Analysis go wrong , what are the mistakes made today , what did I learn from today's Market etc.
- I've been doing this from around 8 years and still I do the same everyday.
- Where learning Stops , life ends.
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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