- US markets were closed yesterday.
- Asian Markets are also Trading higher Currently.
- SGX Nifty as on Yesterday closing was near 14300.
- Now it's showing a 100 Point gap up closer to 14390.
- Our Markets from last few days have been highly Volatile.
- India VIX had gone up above 25.
- Option premiums are very high.
- Ex Fed Chair Janet Yellen, who is going to be the future Treasury Secretary, called for aggressive Stimulus.
- That statement has made U.S and European futures rise.
- Which also made SGX Nifty to rise.
- All Largecap companies have declared very good Results.
- Pandemic was a speed breaker in the business but Largecaps have come out quite well.
- Infosys , TCS & HDFC Bank have declared very good Results.
- Reliance Industries , another Largecap has announced that it's going to declare results this Friday.
- Expecting another Blockbuster set of numbers from Reliance.
- Bull Markets often witness such quick Corrections when nobody expects.
- Due to these reasons Bull Markets become quite difficult to trade into.
- Corrections like these take in more shorts into the system which in turn help markets to go higher in future.
- Primary trend is Bullish and we are in a Bull Market.
- Nifty might Trade between 14260 to 14480 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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