- U.S Markets closed mixed Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are mixed.
- Indian Markets are highly volatile between 16750 to 17400.
- Within this range markets have been making wild swings.
- Yesterday Nifty did retest 16950 and bounced back sharply from there.
- Yesterday it was a sharp recovery and Nifty closed at the highest point of the day.
- Today we have weekly expiry.
- Generally weekly expirys are volatile.
- 16950 to 17200 is the range for expiry.
- In case if we break any of the levels then we might get a larger move during the day
- HDFC Bank will be delivering the results this weekend
- Banking stocks are expected to deliver good results
- Yesterday both the IIP and Inflation data came at negative.
- Inflation rose to 7.4% and Production also has recuced.
- So it's a double whammy on both fronts .
- Next leg of move will be decided by the results of the company's.
- Until then market is likely to stay sideways.
- Nifty might Trade between 16950 to 17200 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