Consolidation with Volatility !! (8th July 2024)

1. U.S Markets closed higher on Friday.

2. Dow Futures are higher right now

3. Gift Nifty is indicating a gap down of 30+ Points.

4. Asian Markets are higher.

5. Friday was consolidating day for the markets.

6. Markets were consolidating for most of the day

7. Last 45 minutes there was a massive upswing on Nifty.

8. This move had come out of nowhere

9. I had researched for any news etc which may have come by.

10. Also tried to notice option chain , open interest etc.

11. Couldn't find anything extraordinary.

12. Nifty is quite Bullish right now.

13. HDFC Bank is under pressure so Bank Nifty is under pressure.

14. The larger range for Nifty is 24000-24500.

15. Expect Nifty to trade within this range for most of this expiry.

16. We have rallied almost 3k points from election lows & it was a one way rally.

17. Long term Bull Market is intact , there's only a short term froth being built

18. Keep your return expectations in check and purchase fundamentally sound companies.

19. Nifty might trade between 24150 to 24400 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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