- U.S Markets closed lower on Friday.
- Right now , Dow Futures are lower.
- SGX Nifty is down 100-120 points
- Asian markets are mostly lower.
- Friday session was a intense volatile one.
- Before RBI press conference , markets were down.
- As soon as it got over , there was a heavy short covering rally.
- This rally had powered Nifty above 17k.
- Trend is sell on rally.
- There will be powerful short covering rallies.
- In due course , they would be sold into.
- U.S Markets look very weak
- Apple is down 10% now in last week.
- When Bluechips start to callapse that's when markets bottom out.
- Bottom is quite far away now.
- I don't think it's been done yet.
- U.S VIX is still above 30.
- This is a dangerous sign
- Look to sell on rallies and prefer only trading Intraday.
- Carrying over Positions is quite risky in this environment coz of huge gap openings.
- Nifty might Trade between 16800 to 17100 today.
- Range on Friday was too big
- Expecting an inside candle / consolidation 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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