- U.S Markets closed lower Yesterday.
- Dow futures are lower right now
- Asian Markets are lower.
- SGX Nifty is down 100-120 points.
- We are likely to open straight near support zones of 17400-17450.
- After a good sharp rally for many days , Yesterday was a sort of profit booking day.
- A positive thing from last 1 Month is markets have been trading within range.
- Yes , the Volatility is high but its within a specified range.
- Going forward , I expect the Volatility to decrease.
- Today's dip is a good buying opportunity.
- 17400 should be the stoploss for long traders.
- This turns the risk - reward in favour of Bulls.
- Next week is a truncated one
- There are 3 complete trading sessions for next week expiry.
- Im expecting an inside candle today.
- Inside candle means Nifty might Trade within yesterday range itself.
- Maybe 17400 to 17600 to be today's range.
- If markets trade rangebound today , the premiums of options would erode further.
- Nifty might Trade between 17400 to 17600 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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