- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mostly lower.
- SGX Nifty is near 17260.
- Suggesting a flat start for the day.
- This Russia - Ukraine issue seems to be blown out of proportion.
- Markets are reacting to every headline news and that's not at all a good sign.
- Slowly we would be forgetting these temporary issues and Market would focus on larger issues.
- 17000 PE & 17500 CE has highest open interest.
- Next 4 days expect the Volatility to be high.
- LIC IPO date has been set to 11th March and even without listing details the Grey Market Premium is lower.
- The timing of this IPO is totally wrong in my opinion.
- The Market I sense is narrowing on the upside and soon downside range could expand.
- We went to 18600 in October , never again we tested it.
- Next high was 18300 , then 17800 etc so the upper levels are reducing.
- Whereas on the lower side we have tested 16800 multiple times.
- So this continues to be sell on rally Market but be careful of large pull backs.
- I feel 16800 should be a very good support for this expiry.
- If you are an investor , it would be a very difficult year to make money.
- Specially in Mid and small caps.
- So do not expect extraordinary returns and park funds into bluechip stocks rather than junk.
- This would reward you in future.
- 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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