- U.S Markets closed higher Yesterday.
- Right now Dow futures are higher.
- SGX nifty is indicating a positive opening near 15850 today.
- Asian markets are mixed.
- Price action and Global markets action depicts market is unwilling to fall
- There has been a lot of stability in our markets from past 10 trading sessions.
- Every dip is getting bought and Market is unwilling to go lower.
- Global markets as well are highly volatile but at the same time gradually moving higher.
- Most important is the VIX.
- U.S VIX is now below 27.
- India VIX if falls below 20 is a good sign.
- At least the Bulls should be happy as long as Market doesn't fall.
- Consolidation shows further momentum in the Market is due.
- Reliance after a huge fall on Friday stabilized yesterday.
- I sense we are poised for 16000 to 16200 positionally.
- And then we review how to go on from there.
- 15500 should be the stoploss positionally.
- Accumulate longs on dips as the Market will be highly volatile & won't move in a straight line.
- Bank Nifty shows much more momentum than Nifty.
- SBI and ITC are showing huge strength.
- This is the time to buy value stocks and not growth stocks
- Value stocks are those having a lower valuation compared to earnings.
- Growth stocks are the one commanding higher valuation is anticipation of a higher growth/ earnings catch up in future.
- Nifty might Trade between 15700 to 16000 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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