- U.S Markets closed higher yesterday.
- Dow futures right now are slightly lower.
- Asian markets are mixed.
- SGX Nifty is up 80-90 points.
- April series has started with a bang.
- Nifty rallied 200 points on Friday and most of it was contributed in the last hour of trade.
- Yesterday again just before opening there was a big breaking news.
- The merger of HDFC Ltd and hdfc Bank.
- SGX Nifty was down 30 points yesterday.
- But due to this news there was a huge buying in HDFC twins.
- And we had a huge gap up.
- FII's who have been selling these 2 stocks left right and centre since 6 Months got trapped.
- This propelled huge short squeeze.
- Yesterday all the rally has been contributed by these 2 stocks itself.
- Both FII's & DII's were net buyers again yesterday.
- We have had a fantastic rally from 15700 to 18100 in just a Month time.
- This could easily go on till 18500.
- Then we have to look for all time highs to be taken out to get further momentum.
- Expect consolidation between 18000 to 18400 for next 3 trading sessions.
- Do not go short in this Market.
- I know many Bears who got killed yesterday and many who are still short.
- They will also be killed soon.
- Follow the trend and don't stand in between the momentum.
- Nifty might Trade between 18100 to 18400 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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