More Steam left for Pullback Rally !! (22nd Aug 2023)

1. U.S Markets closed higher Yesterday.

2. Right now , Dow futures are slightly lower.

3. Asian markets are mixed.

4. Gift Nifty is flat.

5. Markets have been going through a volatile phase in August.

6. With no clear trend and gap ups / gap downs almost on daily basis.

7. Expecting August to be more of a sideways type of Month.

8. Today we also have the FIN Nifty expiry.

9. On the days of FIN Nifty expiry there is adder Volatility in the option contracts.

10. Markets have been trading in a very narrow band lately.

11. Range for nifty is 19250 to 19550.

12. Bank Nifty range is 43500 to 44200.

13. It's a very dull and reversing sort of market.

14. This sort of market is perfect for option seller point of view

15. Yesterday I had mentioned of a pullback rally and it happened exactly the same.

16. All the Global Markets had witnessed a pullback rally.

17. This pullback rally has some more Steam left before reversing out.

18. Keep in mind that this won't be a trending and speedy market.

19. Markets will move at a slow pace and as the Expiry is approaching the Theta decay would be quite high.

20. Yesterday the Mid and small cap stocks were on fire.

21. Inspite of Jio Financials poor listing & Reliance stock underperformance , markets rallied Yesterday.

22. Nifty might trade between 19250 to 19550 today.

23. stockmarketadvisory.in

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Global Markets Mayhem !! (5th Aug 24)

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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