All time high today? (1st Dec 2023)

1. U.S Markets closed higher Yesterday.

2. Right now , U.S Futures are trading flat.

3. U.S VIX closed below 13 Yesterday.

4. Asian markets are mostly higher.

5. Gift Nifty is indicating an opening close to all time highs today.

6. Yesterday was a roller coaster kind of expiry.

7. Nifty first opening higher and witnessed profit booking , trading with huge Volatility within a Range and then finally closing at the highest point of the day.

8. November was a spectacular series for the Bulls.

9. Nifty scaled up from the recent lows of 18850 to nearly close to all time highs in November.

10. December , on the other hand will largely be depended on the election results and macro factors.

11. There is currently a very positive news to start off the December series.

12. That is the Q2 GDP data that has been announced yesterday.

13. Q2 GDP data on all fronts was quite excellent.

14. All the sectors including Manufacturing largely showed great strength.

15. Our economy is doing extremely well and you shouldn't miss being a part of stock market currently.

16. This decade belongs to India.

17. So just make it large.

18. 20220 is an important level to watch out for today.

19. Yesterday Dow Jones in U.S Markets crossed its previous All time highs.

20. So it's quite possible we go to fresh today

21. Once 20220 is crossed , they we would be in an open zone and would scale fresh highs.

22. Yesterday's low of 20000 is a good support to work with currently.

23. Once we scale all time highs , 20200 would be a great support to work with.

24. Nifty might trade between 20000 to 20300 today.

25. stockmarketadvisory.in

Comments

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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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