- U.S Markets were closed yesterday.
- Right now Dow futures are slightly higher.
- Asian markets are mixed.
- SGX Nifty is flat.
- Yesterday was a Bullish Indian market.
- This Bullishness persisted inspite of flat Global cues.
- Markets closed almost at the highest point of the day Yesterday.
- This is surprising because when I see data it shows otherwise.
- FII's short position is 81%
- In spite of having such huge shorts HDFC twins outperformed yesterday.
- Data shows FII's have net sold in cash market.
- Global markets were flat.
- All this events made yesterday rally a bit puzzling.
- As everybody knows Indian markets are high beta markets.
- We go up fast and come down faster.
- 17500 PE has added huge open interest yesterday.
- 17600 PE also has decent open interest.
- Traders are expecting 17500 to act as a strong support.
- Resistance to come near 17800.
- Within this 300 point range markets are likely to be volatile.
- Nifty might Trade between 17500 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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