Reversal from 25k (30th July 24)

1. U.S Markets closed mixed Yesterday.

2. All the indices closed flat.

3. Right now , Dow Futures are lower.

4. Asian Markets are all lower.

5. All the Global Markets are in a consolidation phase.

6. Yesterday was an extreme volatile trading day.

7. Bank Nifty at a point of time was up 1000 points.

8. Then there was heavy profit booking and the 1000 point rally got wiped off.

9. Nifty as soon as it went close to 25k there was heavy profit booking.

10. Markets right now wish to consolidate.

11. Markets are waiting for a trigger to cross 25k.

12. 24750 is the immediate support on Nifty.

13. 25000 is the resistance.

14. Expect Nifty to be volatile within this range.

15. Bank Nifty could be even more Volatile than Nifty.

16. Do not chase the markets & look to build positions on dips.

17. It's a buy on Dip market.

18. India VIX inched above 13 Yesterday.

19. Nifty might trade between 24800 to 25200 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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