- U.S Markets were about 200 Points higher Yesterday in our Markets trading hours.
- By Evening this strength fizzled out and U.S Markets closed almost flat.
- Right now , Dow Futures are higher.
- SGX Nifty is Trading at 17670.
- Most Important thing , U.S VIX was down 3% Yesterday.
- Yesterday we opened more than 100 Points lower and recovered during the day.
- Last hour witnessed profit booking in our Markets.
- Yesterday I had given a Expiry range of 17600 to 17900 this played out very well for Yesterday.
- Today as well this range holds out till 2 pm.
- After 2 pm sometimes the expiry issues kicks in and markets move drastically.
- If the Global Markets are silent then the above range should play out for the day.
- September was a fairly Volatile month.
- Nifty shot up 1100 Points in 3 weeks then fell 500 Points and recovered.
- Only for falling another 400 Points in the last week.
- Yesterday top 6 stocks were from PSU Bank's.
- I don't remember when was the last time this happened.
- All private banks witnessed profit booking yesterday.
- I'm Bullish for October Month as I expect good results due to opening up of Economy.
- Today might be an inside day with not much Volatility.
- Nifty might Trade between 17600 to 17900 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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