- U.S Markets closed mixed Yesterday.
- Even though Dow Jones closed higher but S&P 500 and Nasdaq were particularly weak.
- Right now Dow futures and Asian markets are lower.
- SGX Nifty is Trading at 17800.
- Some profit booking in U.S Markets is good logically as it has been trading at all time high since a Month.
- Coming to Indian Markets , we have had a fantastic rally from 16400 to 17800.
- This is what happens in Bull Market.
- Corrections and Rallies both happen at a rapid pace.
- Yesterday I expected Markets to consolidate but again we had a good rally yesterday as well.
- Today Global Markets are not showing great strength so we may consolidate for the day with some Volatility.
- One interesting thing about yesterday.
- As soon as Markets opened near 17700 we fell to 17600 in a matter of minutes.
- How quickly was this dip bought into.
- In just 10 minutes the dip got bought into.
- This shows the strength of the Bulls.
- Today as well I expect some dip to come.
- It may be 50-80 points or maybe more.
- This dip is a buying opportunity.
- Do not chase this Market now as risk reward isn't in favour at current levels.
- Dips close to 17740-17700 provide good entry points.
- Do not try to oversmart the Market and look to short the Market.
- You might hardly get 50 points but the risk is huge.
- Stay with the Trend , find good entry points and keep trailing stoploss
- This is how big money is made.
- Bank Nifty is looking much stronger and can test 20 DMA of 37500.
- Nifty might Trade between 17640 to 17880 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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