- 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 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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