- U.S Markets closed mixed on Friday.
- Asian markets are mostly higher.
- Right now , dow futures are lower.
- SGX Nifty is up 40-50 Points.
- Friday was the day of profit booking.
- I did say that 18900 could be the short term top.
- As of now it feels so.
- 18900 would be difficult to cross
- There was huge open interest added at 18800 & 18900 CE.
- 18500 should be a good support on the downside.
- 20 DMA comes around 18440 on Nifty.
- This week is full of events.
- RBI policy , Gujarat Elections etc.
- Due to any of these events if we get a dip closer to 20 DMA that's an excellent buying opportunity.
- Trend is up and this is just a pause in the trend.
- Volatility Due to the events provide us a good opportunity to enter the trend at much lower levels.
- Expecting nifty range to be between 18400 to 18900 for this week.
- Look for dips to enter into.
- Do not build longs on rallies.
- Nifty might trade between 18550 to 18800 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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