1. U.S Markets crashed Yesterday.
2. All the indices closed lower.
3. Nasdaq was down more than 3% , S&P 500 down more than 2% and Dow about a percent.
4. U.S VIX jumped 20% Yesterday
5. This shows the fear prevailing in the markets.
6. All this is because of poor numbers reported by Tesla
7. Gift Nifty is down more than 200 points.
8. We are likely to open near 24200
9. Straight away we are going to open near support levels.
10. 24200-24100 & 24000 are very important support levels.
11. This market is showing signs of correction.
12. Specially, the largecaps.
13. The budget low of 24070 is a massive support.
14. Once 24k breaks , we would be headed towards 23800.
15. Today is expiry too , so expiry related issues might creep in.
16. Expecting first half to be volatile.
17. 2nd half we might witness some recovery.
18. 24000 is a very crutial support and 24500 the resistance.
19. Nifty might trade between 24000 to 24400 today.
Comments