- U.S Markets closed mixed Yesterday.
- The day before Yesterday U S Markets rallied.
- We had a trading holiday that day in Indian Stock Market.
- Dow futures are higher right now
- Asian Markets are mixed.
- SGX Nifty is up 300 points.
- Right now it's trading near 17920.
- SGX Nifty Seems to be over reacting.
- We may not open that higher today.
- 17900-18000 are likely to be stiff resistance zones for the day.
- Market texture has changed now.
- Now markets open with a huge gap up or gap down.
- After such gap openings it's likely to be flat.
- Bank Nifty near 42000 is a good shorting opportunity.
- Banking stocks have rallied a lot in past 2 months.
- IT Stocks are eroding wealth.
- There's not much steam left in Banking stocks now.
- When everybody puts money only in few companies that's when it tops out.
- Now we are also trading at the higher band of trading range of 15200 to 18600.
- So going long is not worthy.
- I would be looking for shorting opportunities.
- Nifty might Trade between 17700 to 18000 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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