21850 is the key !! (30th Jan 2024)

1. U.S Markets closed higher Yesterday.

2. Right now , Dow futures are lower.

3. Gift Nifty is indicating a gap up opening of 100 points.

4. Asian Markets are mixed.

5. Markets in January series were highly Volatile.

6. Feb series has started with a Bang.

7. Nifty was up almost 400 points yesterday.

8. The star of the show Yesterday was Reliance.

9. Reliance was up more than 7% Yesterday.

10. Reliance Market cap including Jio Financials crossed 20L crores yesterday.

11. We have reached closer to the upper end of the range in just a day.

12. 21850 is the upper end of the range level now

13. Markets have faces resistance many times in the past closer to this level.

14. Crossing this level is imperative for the rally to continue.

15. It's good to see large cap stocks performing with full force.

16. If we close above 21850 today then we will be heading towards 22k and then 22200.

17. Banks are still not out of the woods now

18. Specially the private sector Banks.

19. Public sector banks & PSU stocks are having a dream run.

20. There was a trade in the past to sell PSU Banks and buy Private banks by the hedge fund managers.

21. The dynamics have changed completely now.

22. Results calendar for the week

23. Nifty might trade between 21600 to 21900 today.

24. 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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