- U.S Markets closed slightly higher Yesterday.
- Right now Dow futures are lower.
- SGX nifty is indicating a slight positive opening near 16030.
- 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 12 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.
- FII's selling has reduced to 364 crores yesterday.
- This is quite less compared to what they used to sell earlier
- Earlier sell figures were not lesser than 2000 crores at any point of time.
- DII's bought for 1460 crores yesterday.
- We should be happy as long as FII's don't sell too much.
- Intraday volatility is increasing day by day.
- Intraday volatility and India VIX should go below 18 for markets to subside.
- Nasdaq showing remarkable resilience.
- Expect Indian IT sector to move upwards from here.
- In the short run I sense our IT sector has bottomed out and I have taken many long positions on the same.
- Today's expiry is likely to be flat closing with huge Intraday volatility.
- Nifty might Trade between 15860 to 16080 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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