- US markets closed higher Yesterday.
- Second Consecutive day of record high closing for U.S Markets.
- Asian markets are struggling to maintain momentum.
- We have very good Global cues but the local cues seem to be creating an issue for the Markets.
- Yesterday as well , Nifty was unable to cross it's resistance of 15k.
- From last 2 Months as & when Nifty tries to cross 15k , selling pressure emerges.
- SGX Nifty is trading at 14920 now.
- Bank Nifty is the underperformer.
- Bank Nifty underperformance is effecting Nifty as well.
- Yesterday too in last 30 mins, Bank Nifty fell 500 points.
- On a close to close basis we closed exactly where we closed the previous expiry.
- The Volatility in between this was very high.
- Yesterday India VIX again closed below 20.
- Now India VIX below 20 indicates very low premiums for options.
- As and when India VIX has closed below 20 , in coming few days again the Volatility has increased.
- After a tremendous Bull run we are consolidating.
- 14200 to 15500 is the range.
- In between this 1300 points we have been highly volatile.
- Market is going nowhere but still acting as if something major could happen.
- I feel we might consolidate for some more time.
- Bank Nifty has to outperform for Markets to touch all time highs.
- Same way don't expect big correction from here.
- Every dip close to 14500 is a buying correction and rallies close to 15100 are selling Opportunities.
- Nifty Might Trade between 14760 to 15020 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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