- U.S Markets closed flat Yesterday.
- Right now Dow futures are slightly higher
- Asian markets are mixed.
- SGX Nifty is up 30-40 points.
- Yesterday was the day of index heavyweights.
- That too , particularly Infosys and HDFc twins.
- HDFC Bank contributed 500 points for Bank Nifty fall.
- These 3 stocks combined have contributed for 200 point in Nifty yesterday.
- HDFC Bank in spite of posting good numbers is seeing a massive hit.
- HDFC Ltd is also bearing the brunt due to the same.
- In there something Market knows and we don't.
- Or this is a short term pain?
- After merger news hdfc bank hit a high of 1700+
- Now it's below 1400.
- This is a 300 point fall in less than trading sessions.
- These stocks have been making Market highly volatile than ever before.
- Many retailers have been trapped at higher levels.
- These big institutions offload at higher levels and trap retail.
- FII's have sold for 6500 crores yesterday whereas DII's bought for 3500 crores
- While it's unfortunate , every damn possible thing happens in stock market.
- Right now I sense yesterday's low of 17060 on Nifty should be the bottom for this week at least.
- Upside resistance is at 17400.
- So we might be trading within this band for next 3 days.
- Nifty might Trade between 17150 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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