- U.S Markets closed mixed Yesterday.
- Dow Futures were Positive yesterday when indian Markets were opened.
- But on the close to close basis it closed where it was when our Markets opened.
- Yesterday markets closed at the high due to short covering in Pvt Sector Banks.
- FM announced tat PSU companies can keep accounts with Pvt Sector Banks.
- Earlier PSU Companies were asked to keep accounts only with PSU Banks.
- This led to short covering rally in Pvt Sector Banks.
- Pvt sector banks and NBFC Companies led the rally Yesterday.
- Yesterday due to Technical Glitch many People lost huge.
- Also there was all kinds of confusion & problems regarding trading Position / square off etc.
- There was no proper communication from NSE.
- Along with Indian markets, entire world markets recovered.
- US makets closed higher.
- Asian markets are higher.
- SGX Nifty is trading around 15045.
- SGX indicating opening above 15k today.
- This last week of Feb has been highly Volatile.
- Markets are all over the place.
- Today too Volatility is likely to continue.
- Expecting to be a Bullish day today with short covering in 2nd half.
- Downside is limited to 14900.
- Expecting expiry between 15140 & 14900.
- Nifty might Trade between 14900 -15140 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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