- U.S Markets closed higher Yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is indicating a flat opening.
- It's a good news for the Bulls that U.S Markets showed resilience yesterday.
- Nasdaq underperformed Yesterday.
- In last 12 sessions Nasdaq is down 12%.
- After a relief rally in IT Stocks again pressure is being exerted.
- India VIX was up 10% yesterday at one point of time.
- After 3 pm there was a crash in India VIX & option premiums got eroded.
- 17200 to 18000 is the larger range for Nifty.
- Smaller range won't work in this market coz of huge Volatility.
- Expecting a Consolidation in the short run.
- Generally when there is huge Volatility market either tops out or bottoms out.
- Chances of market topping out at 18k is quite high right now.
- Bank Nifty is however outperforming Nifty.
- It's more likely that Bank Nifty could outperform from here.
- Reliance looks strong and once it takes out all time high it would be heading to 3000 levels.
- Nifty might Trade between 17350 to 17650 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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