- US markets closed flat.
- Asian markets are mindly higher.
- SGX Nifty is up 30-40 Points.
- Yesterday Nifty was up 140 Points at one point of time.
- In last hour we witnessed severe profit booking.
- Bank Nifty fell 600 Points in last hour.
- Nifty fell 200 Points.
- This can be construed as Markets are unwilling to go much higher from here.
- Also the downside in limited.
- Yesterday was a good Consolidation day.
- Nifty almost closed where it had opened.
- Going forward there would be Consolidation with Volatility.
- Few frontline heavyweights contributed to the fall Yesterday.
- ITC and Reliance fell 2-3% each.
- Bank Nifty as always is a highly Volatile counter.
- 15000 is a good support for Nifty.
- 15400 is a stiff resistance.
- I expect Nifty to expire somewhere between 15000 to 15400 for this expiry.
- There is a good amount of Put writing in 15000 PE and 15400 CE.
- Those who sold Put option will always look for cover and they sell call option too.
- Wednesdays can be highly Volatile.
- So use Volatility to your favour when Market is at its Boundaries of the range.
- Nifty might Trade between 15060-15280 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
Comments