- U.S Markets were about 200 Points higher Yesterday during trading hours but have closed 500 Points lower .
- Asian Markets are lower.
- SGX Nifty is Trading near 17450.
- September was a very Good Month compared on close to close basis.
- Nifty rallied 900 Points in September.
- Currently we are in a situation stuck between very bad Global cues and Excellent local cues.
- Global Markets are in a heavy correction phase ahead of Inflation data tonight by U.S.
- On the Other hand , Tax Corrections , Sector Growth data have been excellent locally.
- Generally , gap downs due to Macro news offer a good opportunity to buy into.
- I'm Expecting the same for today.
- This gap down is a good buying Opportunity for short term traders and long term investors.
- October series I'm Expecting a positive situation for our Markets.
- Auto Sales data are going to come out today.
- I do not expect them to very good and that seems to be priced into the prices.
- Markets have been highly volatile from last 10 trading sessions.
- I expect Volatility to reduce today.
- Yesterday's expiry was negative due to expiry related issues and today's gap down is due to Global cues.
- 17400 should be a good support for the day.
- Advisable to sell 17000 PE weekly expiry on today's gap down.
- Nifty might Trade between 17400 to 17700 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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