- US Markets closed Mixed.
- Right now , U.S Futures are up 0.5%
- SGX Nifty is Trading near 13870.
- Trump signs U.S Stimulus bill.
- Asian markets are positive.
- That is indicating fresh all time high for Nifty.
- Last Monday was the Technical Glitch day.
- Nifty fell 4%, Bank Nifty fell 5%, mid cap and small cap fell 6%.
- I've stated many times in past that Bull Market corrections last only for a day.
- We have recovered all the losses.
- Now we might Consolidate after this big gap up.
- Markets giving Intraday Correction almost daily & these are an Opportunity to enter.
- FII volumes dried up.
- Due to New Year & Christmas holidays.
- Bank Nifty also looks quite strong.
- With all front line bank stocks almost at their highs.
- FMCG & IT is the place to park funds right now.
- Look for stocks which haven't Participanted much in this rally.
- These will be more Value bets.
- Volumes will be very low as its holiday week.
- That also gives room to high Volatility.
- Nifty might Trade between 13740-13880.
- 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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