- U.S Markets closed flat yesterday.
- Right now Dow futures are slightly lower
- SGX nifty is higher & trading at 15750.
- Asian markets are lower.
- Markets all over the World are in a consolidation phase.
- Markets not reacting negatively to headline news is in itself a positive outcome.
- June also we are closing negative.
- Every month since November we are closing negative.
- This indicates a bear Market.
- The trend is towards downside.
- Yesterday the GDP expectations were -1.5%.
- But the actual figure came at -1.6%.
- Even then there was not much swing in U.S Market.
- Infact U.S VIX closed lower yesterday.
- India VIX refuces to fall gradually.
- Someday there will be huge gap up & India VIX will directly fall 10% at open.
- Not giving anybody any Opportunity to enter.
- The Large gap ups and gap downs have been another problem to tackle now.
- Last 2 days Nifty has been trading in a narrow range of 150 points.
- 15700 to 15850 has been the range.
- I would wait for a break below 15700 to short Intraday.
- Else would short near 15800-15850.
- I won't look to buy I would only look for shorting opportunity today.
- Yesterday Reliance was the only saviour for Nifty.
- Bank Nifty was quite weak.
- Nifty might Trade between 15500 to 15850 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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