- U.S Markets closed lower on Friday.
- When our Markets were trading , Dow futures were down 100 points
- Then news came that Putin was given clue of development in talks with Ukraine.
- This led to a huge short covering in global markets.
- SGX Nifty touched a high of 16850 and came all the way to 16480 as U.S Markets closed lower.
- Right now as dow figures are positive , SGX Nifty is flat
- U.S VIX fell on Friday as well
- Expecting India VIX to go below 25 today.
- As I had predicted , Market to be volatile between 16400 to 16800.
- Thursday and Friday have passed and we have been trading in this range.
- Big trend and momentum will develop only once we cross either of these levels.
- Until then , expecting ranging Market within this range
- 15750 to 16750 rally in 2 days can be termed as pullback as of now
- I don't see it as a trend reversal yet.
- 16900 is the 200 DMA and only once we cross this level will the trend become positive.
- Until then the trend is still negative and this is a sell on rally Market.
- LIC IPO is due and this could also squeeze lot of liquidity.
- Also I expect DII's to support the Market as Govt might have ordered them to do so.
- Nifty might Trade between 16400 to 16800 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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