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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.


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