- 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 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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