Markets cross major ATH resistance!! (4th March 2024)

1. U.S Markets closed higher on Friday.

2. Right now , Dow Futures are slightly higher.

3. Asian markets closed higher.

4. Gift Nifty is indicating a 70 point gap up opening.

5. Markets have started this March month with a high positive tone.

6. It was a stellar rally on Friday.

7. It took all the traders and short sellers by surprise.

8. All the short sellers were taken to cleaners on Friday.

9. Nifty was up 350 points on Friday.

10. Bank Nifty up more than 1000 points.

11. At no point of the time was there a small intraday profit booking.

12. Markets kept rallying throughout the day.

13. Now the undertone for the markets is highly Bullish.

14. The markets are now in a blue sky zone.

15. Blue sky zone means no resistance zone as we are at all time highs.

16. Only minor resistance you can see is the Call option writers.

17. As I said in my earlier blogs , next 1000 point nifty rally is expected to be led by Largecaps.

18. We have got such glimpses on Friday.

19. Nifty might trade between 22300 to 22600 today.

20. stockmarketadvisory.in

Comments

BJP Falls short of Majority (5th June 2024)

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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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