- U.S Markets closed flat yesterday.
- When we were trading Dow was up 250 points.
- All these gains have been given up during trading hours in U.S.
- Asian markets are higher right now.
- Dow futures are also higher.
- SGX nifty is down 50-60 points.
- Yesterday Market showed remarkable resilience throughout the day
- We at one point of time Even hit 16400.
- Then the last hour selling again was disturbing.
- Today is a very important day in U.S markets.
- Today we will be having the Inflation data from U.S
- Market Positioning is nothing new and similar as always.
- Markets seem to have already discounted the worst.
- Any positive surprise could trigger a short term rally.
- Markets are so oversold all over the world.
- It's not the right time to create shorts.
- Look for pull backs and short covering Rallies from here on.
- Last 2 days fall has been mostly due to Reliance.
- Once Reliance stabilizes and bottoms out then the downside will be limited.
- Hdfc bank ADR was up 5% yesterday.
- Yesterday Bank Nifty throughout the day showed great strength and outperformed the Nifty.
- Nifty might Trade between 16100 to 16400 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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