- U.S Markets closed higher yesterday.
- Right now Dow futures are higher.
- Asian Markets are higher.
- SGX Nifty is up 100 points.
- Yesterday Nifty witnessed resistance near 17800 for whole of the expiry.
- Today it's indicating a gap up above 17800.
- 17800 to 18000 should be the range now .
- 18000 CE has the highest open interest amoung weekly options.
- This would be the next resistance level now.
- Markets right now seems to be ignoring all the negatives.
- But this is a high volatile market.
- So stoploss is a must when trading in such markets.
- 17800 should be a good support for Intraday now.
- I would like to buy the dip close to 17800 and sell the rally close to 18000 with 30 point stoploss.
- If any of these levels gets taken out decisively will follow the trend.
- Until then it's a ranging market.
- With sideways moves.
- Fridays are volatile so trade based on strict stoploss
- Nifty might Trade between 17800 to 18000 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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