17500 is the Key!! (10th March 2023)

1. U.S Markets closed lower yesterday.

2. Right now , U.S Futures are lower.

3. SGX Nifty is down 120-140 points.

4. Asian markets are lower.

5. Yesterday was a surprising weekly expiry.

6. Markets kept on moving lower and closed at the lowest point of the day

7. U.S Markets are trading with huge Volatility.

8. They are up one day and down the next day.

9. Markets are trading in a zig zag mode.

10. Yesterday at one point of time U.S Markets were higher by 300 points.

11. During the day there was huge selling and it closed 500 points lower..

12. There was a swing of 1000 points in Dow Jones yesterday.

13. U.S VIX jumped 13% yesterday.

14. 17500 is the key level for us today.

15. If we manage to hold this level then we can hope for some recovery

16. Else we would retest 17300 again.

17. This is a swinging market.

18. It swings from one range to another rapidly.

19. Trending players are facing the brunt.

20. Nifty might trade between 17400 to 17700 today.

21. stockmarketadvisory.in

Comments

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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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