- U.S Markets crashed Yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is at 15750.
- Asian markets are mixed.
- Yesterday we had exit poll results.
- Exit Poll results cannot be trusted with 100% accuracy.
- In the past as well many of the times exit Poll results have gone wrong.
- Majority exit Poll show that BJP is likely to win UP again.
- This is a positive news for stock market.
- In Bearish times markets don't react to good news but react to bad news
- 15800 is a very important support on Nifty.
- Last year Market made a consolidation of 3 Months near 15800-16000 and then broke out.
- So technically it becomes a very important support this time as well
- If this breaks then 15500 -14800 open up.
- The falls will be equally fierce as the rallies.
- Market did rally one way and now falls will also be one way.
- Right now we have crude oil shock impact as well.
- Crude Oil has shot up to 130-140$ / barrel.
- In history I've observed , whenever crude oil stays higher Nifty always have given negative returns.
- Currency is also weakening day by day
- Rupee yesterday hit it's lowest level of last 1 year.
- All this makes worrying signs currently.
- Not advisable to short gap downs.
- Look for rallies close to 16000 to short .
- 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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