- U.S Markets closed lower Yesterday.
- Right now , U.S Futures are higher.
- Asian Markets are higher.
- SGX Nifty is Trading near 16670 now.
- August Series was a Fantastic one for the Bulls.
- Nifty broke out of 16k in the first week and then it was no looking back.
- Nifty has rallied 700 Points in August series.
- Bank Nifty is the problem.
- Bank Nifty is at the same level as it was on August beginning.
- Banks are struggling to perform.
- SBI always comes up with great results but the Stock never moves.
- Infact the Stock is lower than the results price.
- IT Stocks have been on fantastic Bull run and there's no signs of stoppage.
- Infosys even after facing related to its Income Tax Portal continues to rally.
- 16700 is a resistance for Nifty it's just a matter of time before we cross this level.
- Expecting the rally to Continue but not at such faster pace.
- It's not wise to think about a crash now and take short positions.
- Trends take a long time to bend.
- Until then it's wise to follow the trend and focus on making money than acting as a genius and shorting the Market.
- Nifty might Trade between 16580 to 16720 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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