- U.S Markets closed mixed on Friday.
- Right now Dow Futures and Asian markets are lower.
- SGX nifty is down 60-70 points near 18200.
- Last Friday as well we were almost having a similar set up.
- Global Markets were down and we opened gap down near 18150.
- During the day , this gap down was bought into.
- 18100 -18300 is the range for Nifty.
- Near 18100 is a good buying opportunity.
- In the past , I have noticed many times that in such broad ranges breakout usually happens on the higher side.
- So we have 90% chances of breakout above 18300.
- Whnen will this happen that nobody knows.
- Until then , buying dips close to 18100 is a good option.
- HDFC Bank has come up with results over the Weekend.
- These results look good.
- They are not too good nor too bad.
- It's an okay kind of results
- HDFC Bank has been beaten up so much in last 1 Month.
- Even average results could charge up this Stock.
- 38000 is a big buying zone for bank Nifty.
- It has rallied and reversed almost 4 times from this level and 18100 for Nifty.
- Nifty has reversed and gone higher from these levels about 3 times.
- Any fresh big move will happen only if we break 18100 or 18300.
- Until then it's a ranging Market with Consolidation on the upper side.
- Nifty might Trade between 18100 to 18300 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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