- U.S Markets closed higher Yesterday.
- Asian Markets are also higher.
- SGX Nifty is trading above 16200.
- Dow futures are also higher.
- Yesterday we finally broke out above 16k.
- 16k had huge call writing.
- Both in weekly and monthly expiry.
- When we broke out above 16k. All these writers had to run for cover.
- And this propelled Nifty higher.
- It was a huge short covering rally as soon as we crossed 16k.
- My prediction of Nifty not crossing 16k was wrong but I still made money.
- So there's no reason for me to be unhappy.
- Today the main Event is SBI results.
- SBI has a history of Declaring fantastic results.
- In the past as and when SBI declared results
- Bank Nifty rallied at least 400 points
- Today would be very intresting for Bull's.
- I know many People who are still short on this Market.
- Due to arrogance that Market should fall.
- These will have bleeding red on their trades.
- There's still upside left from here.
- SBI results will decide due course of action.
- Nifty might Trade between 16120 -16340 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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