- U.S Markets closed lower Yesterday.
- Right now Dow futures are flat.
- Surprisingly, SGX Nifty is higher by 50-60 points.
- In spite of Global sentiment being bad , SGX Nifty is higher.
- Yesterday it was a stable expiry.
- Nifty traded within a small band of 100 points throughout the day.
- Markets trading within a band and with less Volatility is always a healthy sign.
- India ViX crashed below 16 yesterday.
- SGX Nifty might be higher because Hong Kong market is up 3%.
- China markets are up 5%.
- This is providing a positive boost to SGX Nifty.
- Expect markets to consolidate within a band.
- There's not much news flow awaited.
- Nor there are any events in sight.
- Bank Nifty was the star of the show yesterday.
- Yesterday even I was surprised to see such outperformance by Bank Nifty.
- Range for Nifty is 17950 -18200.
- Bank Nifty is 41000 to 42000.
- Trading at the boundaries of the range provides good risk reward Opportunities.
- Nifty might Trade between 17950-18200 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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