- 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 YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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