- US markets closed flat Yesterday.
- Markets all over the World are in a Consolidation phase.
- Consolidation is the need of the hour for Bulls.
- Consolidations and Corrections in Bull Markets bring more Strength and Pace to the Markets.
- Asian markets are mostly down.
- SGX Nifty is up 40 points.
- 15260 seems to a strong resistance for our Markets now.
- We have been failing to break through the range.
- We have broke out of the range and went higher than 15260 level but failed to sustain.
- 15300 Straddle has the highest open interest.
- So expiry can be expected near this level unless another big move / spike appears.
- HDFC Twins were weak Yesterday.
- They contributed more to the downside.
- On the other hand , PSU Bank index rallied 6% Yesterday.
- PSU Banks kept the Bank Nifty breadth intact.
- The reason is that there were some restrictions announced by RBI for Housing Finance Companies.
- Currently it seems like all the sectors and stocks have been peaked out.
- Market needs fresh news or Trigger to continue Momentum.
- Nifty might Trade between 15120-15340 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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