- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mixed.
- SGX Nifty is down 30-50 points.
- Friday was a Disappointing close for the Bulls.
- Market opened with a big gap up and then eventually closed at the lowest point of the day.
- Trading is within a range of 16400 to 16800 for Nifty.
- Market is making big swings with huge Volatility.
- Similarly previously it was trading between 15750 to 16400 in May month.
- I expect market to trade within this range for this week as well.
- U.S jobs showed fantastic growth but still market closed lower.
- This shows the sentiment is very weak
- When people sell into Good news that means traders want to exit longs immediately.
- This happens in a Bear market scenario.
- In spite of Nasdaq crashing 2% on Friday CBOE VIX was flat.
- This indicates the panic and majority of negative news flow has been discounted.
- Expect RBI not to give any more shocks on coming Wednesday as we have the RBI policy coming up.
- Expectations are between 25 to 50 basis points hike.
- Anything above this will cause a negative sentiment.
- Reliance is the lone Hero for Nifty rally.
- It's up 14% in Last 2 weeks.
- Bank Nifty has weakened in short term
- Bank Nifty and hdfc twins have to catch up for market to rally from here.
- Nifty might Trade between 16450 to 16700 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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