- U.S Markets closed lower Yesterday.
- Right now , Asian Markets are flat.
- SGX Nifty is at 17880.
- We are likely to have a gap down opening today.
- 17800 PE added high open interest yesterday.
- This should be a strong support for the Markets.
- Dips should be bought into with a stoploss of 17800 on Nifty.
- Bank Nifty outperformed Yesterday and took Nifty higher.
- IT index fell 3% yesterday still Nifty managed to cross 18k.
- 17800 to 18k is the range for Nifty in short term.
- Expecting some recovery in the IT Sector from here.
- TCS results were good but the street expectations were too high.
- Tomorrow , Infosys is coming with the results and that's going to be an important event for the Markets.
- Sectoral Rotation has been happening and money is being from IT sector to Banks.
- That's the reason of outperformance of Banks yesterday.
- 18000 CE continues to have high open interest inspite of nifty crossing 18k yesterday.
- Nifty might Trade between 17800 to 18040 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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