- U.S Markets closed lower on Friday.
- Today U.S Markets are closed.
- Asian Markets are trading lower.
- SGX Nifty is down 70 Points.
- On Friday our Markets have crossed all time highs and unlike before we have sustained at those levels.
- This shows strength in our Markets.
- Another major development was India VIX fell by 10% on Friday as soon as Market opened.
- This shows that the fear is going down.
- India VIX now is Trading below 18.
- So the option premiums are low and markets might not make big moves either side.
- RBI has levied ₹10 crore penalty on HDFC Bank.
- Although this amount is not big for a Bank having a size of 8 lakh Crores.
- In short term this might be some negative sentiment.
- This is still a buy on dip Market and we might Consolidate for some time now.
- While Nifty has crossed all time highs Bank Nifty is still 2500 Points away from its highs.
- Bank Nifty might underperform for 1-2 days but when it turns around it goes big.
- So keep accumulating dips as big move might be round the corner.
- On Friday Nifty was up 100 Points out of which Reliance led Nifty higher by 90 points.
- Reliance was up 6% on Friday.
- If Reliance wouldn't have been there we might have closed flat.
- Also from tomorrow Intraday leverages are coming down so it might effect Volumes.
- Im planning to watch how does this impact the Market and then trade.
- 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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