- US markets fell, worst fall since October 2020.
- Worst Gap down hinting for SGX Nifty today.
- 300 Point Gap down we are likely to open into.
- So the logic is simple , selling again after a gap down doesn't make sense now it's the time to buy.
- Buy big gap downs sell big gap ups , that's where risk - reward is in your favour.
- So I'm interested to buy this gap down on a Positional basis by keeping stoploss of 14650 which is last weeks low.
- Volatility will be high today.
- India VIX is likely to trade above 30.
- Do not worry about Global issues and worry of this gap down.
- Trend will always sustain and it sustains for longer term.
- Many People are talking about Bear Market and trend reversal.
- I don't think so.
- Trends don't change so easily and so quickly.
- So forget about that.
- Nifty might Trade between 14760-15000 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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