1. U.S Markets closed higher on Friday.
2. Right now Dow futures are flat.
3. Asian markets are mostly higher.
4. U.S VIX is now closer to 18.
5. Gift Nifty is indicating a gap up of 20 points.
6. Friday had been a crazy volatile day for our Markets.
7. It was all over the places.
8. First we fell then recovered then again fell and kept on falling.
9. Nifty even broke 25k on Friday.
10. All this is largely due to the FII selling.
11. I also feel this correction is very healthy for long term.
12. The issue that traders face in such Volatility is stoploss gers triggered.
13. No matter where you place stoploss it will be triggered.
14. If one doesn't place stoploss , they might be thrown out of the market for life.
15. Nifty is in a very strong support zone currently.
16. 24750 to 25000 is a strong support zone.
17. If reversal has to come it has to be from here.
18. Or else we have to brace ourselves for 24k once 24750 is taken out.
19. Nifty might trade between 24800 to 25300 today.
Comments