- U.S Markets closed lower yesterday.
- But U.S futures are mildly positive now.
- Asian Markets are currently lower.
- SGX Nifty is trading near 14480.
- IT Stocks were the Outperformed Yesterday.
- IT index was up 3%
- Infosys and Wipro up 5% each.
- Every dip is a buying Opportunity.
- You are almost witnessing a dip everyday on Intraday Basis.
- That dip is getting bought into towards the end of the day.
- Reliance has spent almost 2 Months is Isolation (Consolidation) now.
- It started the Bull Market but now it's gone into Consolidation.
- Reliance Consolidation can last longer than expected.
- Between 2006 to 2016 Reliance has given Zero returns.
- From 2016 to now it's 7-8X excluding Dividend.
- This is the nature of Stock Market.
- On an Intraday basis wait for dip near Yesterday low
- Around 14400 could be a good place to accumulate longs if you get a dip.
- Slowly start Building positions and do not go all in at first.
- Nifty might Trade between 14380-14560 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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