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Bloodbath !! (22nd Sep 2023)


1. U.S Markets crashed yesterday 
2. U.S VIX climbed 12% yesterday. 
3. Gift Nifty is down 50 points.
4. We are going to open below 19700 today.
5. Asian markets are higher right now.
6. U.S Futures are higher right now.
7. Yesterday there was a bloodbath in our Markets.
8. Bank Nifty was the huge underperformer.
9. ICICI Bank led the fall yesterday.
10. I always used to say that I fear these sort of vertical rallies.
11. Nifty went up 1000 points in 2 weeks and when such vertical rally happens as and when there's a fall it's severe.
12. People were excessively Bullish when markets kept rising and this is what finally happens.
13. Now markets might consolidate for some time before fresh breakdown.
14. Nifty has support at 19700 , 19600 and 19500.
15. 19500 is the ultimate support for nifty .
16. FII's have sold for more than 3000cr yesterday 
17. This is a huge sell number by the FII's.
18. Many are saying markets will reverse and go up from here.
19. My answer to them is "Trends don't change in a day".
20. Markets first make a bottom they retest it ,consolidate and then move higher.
21. Nifty might trade between 19500 to 19800 today.

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