- U.S Markets closed flat Yesterday.
- The closing was as flat as it can get.
- Dow futures are slightly higher right now.
- Asian markets are flat.
- SGX Nifty is +20 points.
- Today we are going to have a low volume trading session.
- As Monday is Independence day.
- Many market participants are off to a Vacation yesterday night.
- So expecting today to be at least 50% decrease in volumes than usual.
- Yesterday Market opened with a huge gap up & stayed flat throughout the day.
- India VIX fell 5% yesterday.
- This is the price action almost on an everyday basis now.
- Market opens either with a huge gap up or gap down.
- Stays flat throughout the day.
- From November to June Intraday traders were finding it easier to trade because of huge gaps.
- Now positional traders are making lots more money as Market is moving along a trend
- There are no sudden reversals nor news flow.
- So no strategy works always.
- Every strategy has its periods of underperformance and outperformance.
- You need to be sure about this before you enter trading.
- Do not skip your strategy and keep hopping onto a new one just because it hasn't worked for small periods.
- Nifty might Trade between 17600 to 17800 today.
- We might witness some profit booking in second half today.
- As people who have been long throughout the week have made good money.
- They would like to book profits anytime
- 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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