- U.S Markets closed slightly higher yesterday.
- Asian Markets are mixed.
- SGX Nifty is up by 10,20 points.
- U.S Markets are into a long term consolidation.
- Our Markets are on the verge of making fresh highs.
- Mid cap index has already touched fresh all time highs.
- Due to some underperformance in heavy weight stocks the major indices might take some time.
- Today is the May expiry & it has been a very good month for the Bulls as on today.
- Nifty is away just a percent from all time highs whereas Bank Nifty is away 7-8%.
- As for value traders Bank Nifty has a good value on the upside from here.
- It's just a matter of time before the Bank Nifty catches up with Nifty.
- Reliance and HDFC Bank have been underperforming the Nifty.
- Once these 2 stocks turn around then the situation will change.
- It's a buy on dip Market.
- 15000 is a strong support and any dip can be used to sell 15000 PE June Expiry.
- FII's were net buyers whereas DII's were on the sell side.
- Monthly Expirys are highly Volatile so trade with caution today.
- Nifty might Trade between 15180-15420 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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