- US markets closed flat Yesterday.
- Markets all over the World are in a Consolidation mode currently.
- Many Asian markets are closed today for Holiday.
- SGX Nifty is down by 40 Points and near 15100.
- Yesterday we witnessed a highly Volatile trading session.
- Nifty was down 100 then in Negative then Negative 100 and then finally closed in Green.
- Yesterday I mentioned 15k as a critical support and it worked out well.
- Markets have rallied non stop after budget so they require a breather before rallying further.
- Consolidation keeps the market strength in check and bulls will be motivated by this.
- My Expiry range which I mentioned yesterday was 15k to 15400.
- Today I expect Nifty to expire between 14960 to 15240.
- Today may not be that Volatile as it was Yesterday.
- Expecting first half to be normal and Volatility may kick in for the second half of trading session.
- Bank Nifty finding resistance around 36500-36600.
- Markets closed almost flat for two days.
- Clearly 15270 is a strong resistance for Nifty now.
- I've sold 15250 CE and 14950 PE Yesterday on Nifty.
- Expecting to eat away all the Premium by today expiry.
- Nifty might Trade between 14960 & 15240.
- 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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