- U.S Markets witnessed slight profit booking yesterday.
- Asian Markets are flat.
- SGX Nifty is trading near 16280 now.
- Dow Futures are flat.
- Our Markets have witnessed a fantastic rally in last 2 days.
- Nifty was up by 400 points
- Bank Nifty up by 1500 + points.
- Hdfc Bank results dragged Bank Nifty lower by 1500 points but now Bank Nifty has recovered all losses.
- SBI results has turnaround Bank Nifty in the past.
- Yesterday is was no different.
- SBI results were better than other Banking results.
- Bank Nifty crossed 36k briefly at one point.
- Today is weekly expiry.
- This rally for last 2 days continue to go as usual.
- Markets cannot go up so fast everyday.
- Now Consolidation is required for Bull's.
- Expecting a ranging day today with Slightly positive bias.
- Generally weekly expiry are Rangebound.
- Nifty might Trade between 16180 to 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
Comments