- U.S Markets closed higher yesterday.
- Asian markets are higher.
- SGX Nifty is higher 80-100 points.
- Markets are now firing on all cylinders.
- Yesterday last 30 minutes nifty scaled higher by 100 points.
- I mentioned yesterday that big move would come if 18700 is taken out.
- Once 18700 got breached , there was a huge rally.
- Markets looking excessively bullish right now.
- We do not know where will this momentum stop.
- Until then we just have to ride the trend.
- Keep trailing the stoploss and keep riding the trend.
- That's the way to go from here
- We have weekly expiry today and expirys generally can be volatile.
- Particularly after 2 pm Volatility is likely to increase.
- So it's better to close positions by 2 pm.
- The only worry I have is Gujarat state elections.
- Markets are going into the elections with huge optimism.
- Thats the only worry as of now as any disappointment could cause a big crash.
- Nifty might trade between 18600 to 18900 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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