- US markets closed higher Yesterday.
- Asian Markets have also recovered their losses.
- Dow , S&P 500 and Nasdaq all closed higher.
- Right now U.S futures are also slightly higher.
- SGX Nifty is trading around 14850.
- SGX Indicating a significant gap up today.
- Yesterday we witnessed weakness ahead of expiry.
- Weakness was majorly due to HDFC twins.
- Both HDFC Ltd & HDFC Bank underperformed significantly.
- Due to these 2 stocks Nifty fell 100 points.
- HDFC Bank was facing Net Banking issues and previously they were warned by RBI that unless these issues won't be solved they won't be able to launch other products and provide other services.
- This triggered big sell off in these stocks.
- Yesterday FII's were net sellers but DII's were net buyers.
- Going ahead I feel that Market is going nowhere.
- After fantastic rally in Mid 2021 March was the first month where Markets fell all over the World.
- Now Markets are Consolidating.
- Remember , Consolidation always happens with Volatility.
- On a daily basis Nifty and Bank Nifty are making more than a percent moves.
- Today I expect Markets to be Volatile between 14650 & 14950.
- Do not expect any significant one sided moves today.
- Markets on a close to close basis will be more or less flat.
- Nifty might Trade between 14740-14980 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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