- U.S Markets closed lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15670.
- Yesterday we witnessed a huge profit booking during the day.
- Expiry related issues also contributed to the downfall.
- Expiry related issues means those trading in weekly options have to square up their positions the same day.
- Thus leading to further fall.
- A Positive which we had Yesterday was Nifty didn't break crutial level of 15700.
- 15700 was managed to hold yesterday.
- From last 4 weeks Nifty is trading within 15700 to 15900.
- This is a very narrow range.
- Yesterday we fell due to Global Markets jitter.
- Delta variant cases are growing much faster than expected.
- Some Asian Countries have announced higher restrictions due to the same.
- Today I expect Nifty to test 15700 if it manages to hold on then second half we may witness upmove.
- TCS has declared results yesterday and are good at first sight.
- India VIX shot up 11% yesterday.
- Volatility is likely to increase going ahead.
- Nifty might Trade between 15620 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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