- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower right now
- SGX Nifty is flat.
- Yesterday as well it was a very flat day.
- Nifty traded within a small range of 16560 to 16700.
- This might be because markets are now waiting for the Fed event.
- On Wednesday we do have Fed event coming.
- Fed will decide about the Interest rates etc.
- From there on traders & Investors will get a clue.
- Reliance dragged the nifty yesterday.
- Reliance was down more than 3% yesterday
- Bank Nifty facing stiff resitance near 37000.
- As soon as Bank Nifty touched 37000 there was a heavy sell off.
- Nifty is facing huge resistance near 16700.
- So I expect this sideways move to continue till Fed event.
- After Fed event itself market market will go one way or the other.
- India VIX inched 6% higher yesterday.
- Premiums are not coming down on the back of event.
- Nifty might Trade between 16500 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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