- U.S Markets closed higher on Friday.
- Right now Dow futures are higher.
- SGX nifty is higher & trading at 15900.
- Markets all over the World are witnessing a short covering rally.
- All the Markets are up and there's greenery everywhere.
- There's a saying that when markets go higher on bad news that's when it has bottomed out.
- Even after persistsnt Inflation issue pointed by Fed markets have been moving higher from last 4 trading sessions.
- Is the worst already discounted or more is yet to come?
- I don't think the worst is already discounted.
- This could again be a dead cat bounce like many bounces happened in the past.
- 16000 CE has highest open interest.
- For this expiry.
- So if you are long this is a good place to take off profits.
- Also after such huge gap up going long doesn't favour risk reward.
- There are 4 Trading days left for expiry.
- So the Theta decay would be quick.
- 15700 to 16000 opens up now
- Markets closed at 15700 on Friday.
- Whenever there are large breakouts they are mostly by huge gaps.
- As big players do not want retailers to participate.
- Nifty might Trade between 15700 to 16000 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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