- 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 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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