- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 200 points
- This is a huge gap down.
- Yesterday many traders sold huge put options from 17500 to 17700.
- These people will have trouble at opening itself
- Nasdaq has fallen for 7 consecutive trading sessions.
- This is a scary fall.
- Indian markets have been outperforming in spite of such terrible global cues.
- This was my major worry as this cannot keep continuing for long
- When Market falls it will be ferocious as well.
- 18000 is the Market top till Diwali.
- Im Positioning my trades based on the same analysis.
- Yesterday Reliance supported Nifty.
- Else position of Nifty would've been worse
- Nifty has been trading between 17450 to 17700 for a long time
- Closing below 17450 today would lead to more pressure
- U.S Markets traded with huge Volatility yesterday.
- Expect Volatility to shoot up in Indian markets as well.
- 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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