Welcome April !! (1st April 2024)

1. U.S Markets closed mixed on Thursday.

2. Friday was a holiday for U.S Markets as well.

3. Asian Markets are higher.

4. I expected Thursday expiry to be rangebound but it was a big surprise.

5. Markets had big rallies during the Monthly expiry.

6. Nifty at a point of time was up 300+ Points.

7. After 2.30 pm there was a severe profit booking.

8. Nifty fell 150+ Points from day high.

9. Such was the severe profit booking that happened in the Index.

10. April month data looks Bullish.

11. Although we fell from 22500 levels which is the all time high level of Nifty it cannot be termed as reversal.

12. Bullish momentum is still intact

13. It's just a matter of time before we cross all time high on Nifty.

14. Bank Nifty also looks Bullish.

15. Next rally upto 23k levels on Nifty will be lead by largecaps and there are already indications about the same.

16. Now , it's not like 2023 phase where you buy any mid or small cap and it starts going up.

17. All stocks are not going up currently.

18. There is a divergence between performing and underperforming stocks.

19. Nifty might trade between 22200 to 22500 today.

20. 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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