- U.S Markets closed higher Yesterday.
- Right now Dow futures are Flat.
- SGX Nifty is higher by 80-100 points.
- Asian Markets are higher.
- Today we have a major event.
- U.S Inflation data for August is to released today.
- Though I think markets would not react much on this data.
- This seems more likely to have been factored in by the markets.
- SGX Nifty is indicating a gap up above 18k today.
- 18k is an important zone for Nifty.
- This strike has highest open interest in monthly & weekly options.
- Plus this is also a psychological resistance level.
- Closing above 18k will open door to 18200.
- 17800 is a very important support zone for the markets now.
- Bank Nifty is outperforming Nifty
- Expect Banks to continue outperformance going ahead as well.
- Nasdaq is also higher in U.S markets.
- This will boost the IT stocks here in India as well.
- Nifty might Trade between 17900 to 18100 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
Comments