- U.S Markets closed higher yesterday.
- For the first time after many days we had a positive closing yesterday.
- Dow futures right now are slightly higher.
- Asian markets are mixed.
- SGX Nifty is up 10-20 points.
- Yesterday was again a disappointing day for the Bulls
- Nifty again closed at the lowest point of the day dragged by HDFC twins.
- These both stocks have been making markets highly volatile.
- FII's were selling from a couple of days but their selling amount was not that large.
- Yesterday we had a 5000 crore number from FII.
- This was evident from the price action we had witnessed yesterday.
- From the day Honourable FM gave a statement indirectly saying FII's are not thay relevant & praised retailers.
- These FII's have started to show true colour.
- They have been selling on a daily basis from that day.
- Most important event today is the RBI policy.
- I feel markets have factored in negatives in the last 3 days fall.
- Today I expect RBI to maintain status quo.
- So we might have some rally today.
- Also 17600 is a strong support.
- I will turn cautious only if Nifty closed below this level.
- Nifty might Trade between 17580 to 17800 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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