Swinging Market !! (16th Dec 24)

1. U.S Markets closed mixed on Friday.

2. Asian markets are mixed right now.

3. Right now , Dow futures are lower.

4. U.S VIX is now close to 13.

5. Gift Nifty is indicating a gap down open of 80 points.

6. Markets are swinging sharply on both the sides.

7. This is happening specially on expiry days.

8. There was Sensex expiry on Friday

9. The way market moved was unimaginable

10. There was a fierce move.

11. As soon as Markets opened , it started to crash.

12. The crash was so huge that Nifty was down 400 points at a point of time.

13. Nifty even broke 24200 for a brief point.

14. All this happened in first 2 hours.

15. Then came the reversal.

16. It was so huge that Nifty recovered 600 points from day low.

17. All this had happened without any reasoning.

18. Expect markets to be ranging for a while now.

19. Nifty might trade between 24500 to 24850 today.

20. stockmarketadvisory.in

Comments

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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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