- U.S Markets closed lower on Friday.
- Asian markets are higher.
- SGX Nifty is close to 17700.
- Markets in Friday second half were highly volatile.
- Nifty spot went close to 18k.
- Then from there profit booking began.
- It was so severe that Nifty fell 250 points from high
- Bank Nifty was even worse
- Such type of corrections happen in bull market.
- This isn't the first time we are witnessing the same.
- There was no reason for such fall it was just profit booking close to weekend.
- Markets have had a fantastic one way rally from 15200 to 18000.
- There should be no complaints if there is minor profit booking.
- 17600 is the next strong support now.
- 17900 CE has got the highest open interest after Friday's fall.
- There ain't much stock specific news over the weekend.
- PVR is the stock on my radar.
- In such a Bullish market this stock is down 14% in last 1 Month.
- This is majorly because of poor Bollywood movies.
- This wouldn't go on for long as they will realise content is the king
- This stock is a good value buy on dips.
- Nifty might Trade between 17600 to 17900 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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