- U.S Markets closed 480 points higher yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17340.
- Yesterday we had a big short covering rally in our Markets.
- Some news paper reports suggest that FII's have received legal notices related to tax issues.
- Also they are not happy with T+1 settlement rule to be implemented by SEBI.
- Hence FII's are selling in such huge quantities.
- DII's are ready to support the Market.
- This is creating some high Volatility and making trading almost impossible.
- Yesterday we had 300 point rally in spite of which FII's have sold 2500+ crores.
- At any point of time again this selling may resume.
- In such Volatility it's better to stay out or to trade with 1/5th of your normal volume.
- Bank Nifty has shot up 1000 points yesterday and is supporting Nifty as well.
- In 2019 , similar situation happened and FII's started to sell aggressively.
- Nifty fell from 12000 to 10700 is no time.
- It was a mini Bear Market and then Nirmala Sitharaman reduced the Corporate Tax percentage and Market shot up.
- Today we also have RBI Policy lined up and this will add to Volatility.
- It's better to stay out for some time and wait till this issue subsides.
- Nifty might Trade between 17100 to 17400 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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