- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is trading flat.
- Yesterday was a flat session
- Nifty was trading close to 18600 for most of the day.
- It was almost a consolidation throughout the day.
- Throughout the day nifty was trading in just 50 point range.
- Nifty has now found multiple supports near 18600
- 18600 should be a good support for now.
- There are many events and also RBI policy in store.
- So due to Volatility markets might hunt stoploss.
- Traders need to keep in mind the Volatility and Gamma effect.
- It's advised to go in with low volumes at first.
- Not to go with heavy volumes at first.
- 18600 to 18900 is the range for now.
- Markets might consolidate within this range
- Bigger trade would emerge only if either of these levels gets taken out.
- 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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