- US markets ended on a Flat note Yesterday.
- Asian Markets are also in Consolidation phase.
- SGX Nifty is Trading around 12270.
- Yesterday our Markets opened at fresh highs but we witnessed good profit booking Intraday.
- These sort of dips and Corrections offer a good Opportunity to build longs and re enter.
- In Bull Markets dips get bought into much faster.
- Feb first week we witnessed a fantastic rally in our Markets.
- After that we are into Consolidation phase.
- Uptrend is still intact while in Consolidation.
- India VIX was slightly higher Yesterday due to correction which had happened Intraday.
- Usually on Wednesdays India VIX stays higher and Volatility is more.
- Expecting this Expiry between 15040-15420.
- Highest Open Interest is in 15000 PE and 15400 CE.
- That's the reason why we witnessed good profit booking Yesterday at higher levels.
- I would be looking to trade in Extreme levels of the range.
- DII's have been Contineously selling this week.
- Actually , the Selling Number of DII's is more than buying of FII's.
- Bank Nifty looks Stronger to Nifty.
- But at the same time Bank Nifty is highly Volatile.
- Moves are quite fast compared to that of Nifty.
- Nifty might Trade between 15120-15350 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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