- 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 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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