- U.S Markets closed higher on Friday.
- Friday first half U.S Markets were volatile.
- In 2nd half Markets rocketed higher.
- Right now , Dow futures are lower.
- SGX Nifty is close to 18300.
- We are opening with a good gap up today.
- Asian markets are mixed.
- SBI has announced its results over the weekend.
- Results seem good but the stock has already scaled higher.
- Stock has already touched its 52 week high
- On the results day , movement of the stock depends on the demand & supply.
- It doesn't depend on how the results are.
- Next big event is the Inflation numbers of U.S.
- Until then Markets are trading based on momentum.
- Tomorrow is a stock market holiday.
- So traders won't like to carry positions today.
- Markets have turned extremely bullish from October.
- November has also started with a bang.
- I'm trailing stop-loss in long positions of futures.
- And shifting put sell options.
- Nifty might trade between 18150-18400 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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