- U.S Markets closed lower Yesterday.
- Right now Dow Futures are also flat.
- Asian Markets are very Volatile.
- Particularly Hang Seng and Chinese.
- As of now it looks like the fall has been stabilized over there.
- SGX Nifty is Trading near 15800.
- Earnings season in U.S has been particularly good.
- Many companies have declared fantastic results.
- This is not the case in India.
- Indian Companies have majorly declared poor results and below expectations.
- Majority of the Stocks have fallen after declaring results.
- Yesterday Doctor Reddy fell by 10% Intraday due to poor results.
- Doctor Reddy 4950 PE went from 0.25₹ to 196 yesterday which is 1,20,000% higher.
- That's why I always advice to avoid Stocks and stick to Indices , Nifty and Bank Nifty.
- I know some People who sold Put options of Dr reddy and they have gone bankrupt.
- Those leverage traders who were long also faced big losses.
- Stocks tend to be Highly Volatile and one needs to be highly careful.
- 15800 CE on Nifty has the highest open interest.
- This looks like Market might face resistance at these levels.
- Expecting range to shift from 15600 to 15850 for coming 2 days.
- Nifty might Trade between 15680 to 15840 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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