What happened overnight?
DJIA - 0.49% 🔻
NASDAQ - 1.49% 🔻
EUROPEAN MARKET - Flat to 🟢
ASIAN MARKET - Flat to 🔻
SGX - 0.12% 🔻
CRUDE - 1.41% 🟢
US10Y - 🟢
DXY - 🟢
INIDA VIX - 🔻
Market started with a bang on Monday. Started slowly but caught up the speed and closed near day's high and above respective resistances. Was that move to hit positional SL's? Time will tell but of now market is looking a bit stable. I don't expect much movement for sometime. Maybe some expiry day action on Thursday. Talks about recession has started buzzing. I'd like to add to it... whenever it'd come, it won't come with an announcement, it'd come and one would not even realise. So better focus on what's there today, nobody has seen tomorrow. Even if it comes, it won't stay forever...
Important levels:
S : 18370/18240
R : 18450/18530
Best Buy Level: 18150-18050 if it comes there. (17800-17900 also possible in this Swing low with an expectation of being bought...)
S : 43250/43100
R : 43450/43600
Best Buy Level: 42200-41800 if it comes there...
Sectors I am interested in for Today:
✓ENERGY
✓GAS
✓FMCG
Stocks in watchlist:
Note: It was a Pull Back mkve yesterday. Would need a follow up move & Weekly closing above 18450 for confirmation. So I'd still wait for buy levels.
Wishing you a profitable day ahead.