- US markets closed higher Yesterday.
- Asian markets are mostly higher.
- SGX Nifty made a low of 14050 Yesterday.
- Now it's trading around 14180.
- Though SGX might look in Green it's still 100 Points below Tuesdays closing level.
- 14200 has acted as a good support area many times.
- Tuesday as well Markets fell drastically but couldn't break 14200.
- Today we might get an opening below that level.
- If we get an opening below 14200 and we start to sustain below it for some part of a time then next level would be 14000 as a support.
- 14200 is the 2 Months low on Nifty , breaking this level would mean extreme bearish ness in the short term.
- More and more Negative news has been coming in from the Corona front.
- Today cases are 3.15L , Net Covid positive patients everyday for India is 1.25L ( After Recoveries).
- The situation is going to worsen in coming days.
- Yes we have a Vaccine but our Country is so huge that it would take loads of time to get Vaccinated for all.
- Until that happens , majority damage would've already been done.
- PM stated that at any cost lockdown should be avoided and India shouldn't go into Lockdown.
- Seeing the facts based on Today's situation I feel we may have another complete lockdown as we had an year before.
- Such Scary is the ground reality.
- The trend is bearish now but you need to find correct levels for entry.
- Short the Market near resistances.
- It's going to highly Volatile in the Upcoming days.
- 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
Comments