- U.S Markets closed higher Yesterday.
- Asian markets are mostly higher.
- SGX Nifty is up 150 points.
- Yesterday it was a treacherous expiry.
- Until 1 pm markets were rangebound.
- Nifty was trading in a band of 100 points.
- But then there was a sudden sell off in the Markets.
- Most of the Nifty stocks fell from days high to close at days low.
- Volatility has picked up since the last week.
- Nifty from 18000 went to 17350 and then 17700 finally closing below 17500.
- This was the Volatility in the last week.
- Yesterday I expected FII sell figure as markets fell drastically after 1 pm.
- To my surprise institutional net figure was positive
- Why had markets made such erratic move despite the same is a burning question.
- Reason might be due to expiry related issues.
- Yesterday was the monthly plus weekly expiry.
- So during such expirys markets tend to be more volatile.
- We are starting off September series with a positive note with today's gap up
- Nifty might Trade between 17600 to 17800 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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