- U.S Markets closed higher Yesterday.
- Asian markets are mixed
- Dow futures are slightly lower right now
- SGX Nifty is as flat as it can get.
- Yesterday market opened with a mild gap down.
- That gap down was immediately bought into.
- Markets were steady throughout the day.
- Until 2 pm there was slight profit booking and Nifty came close to 16500.
- As soon as Nifty touched support of 16500 there was a shap recovery.
- Nifty closed above 16600 yesterday.
- I keep listening that 16600 is achieved now market will fall
- 16700 is the last target after that it won't go higher etc
- I don't follow all these targets stuff etc.
- In an uptrend no resistance works.
- In an downtrend no support level works.
- Markets price action will tell you when it starts reversing
- Right now there's no such sign.
- Banks are leading this rally with slight participation from all sectors.
- ECB has raised interest rates by 50 basis points yesterday.
- Still there was no panic or reaction from the market.
- When Market starts ignoring negative news that means it is super Bullish sign.
- Nifty might Trade between 16500 to 16800 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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