Market View: 16 Apr 24
1. Weakness in the global markets continues due to Middle-East crisis while oil and gold are making fresh highs.
2. FIIs + DIIs are reducing their long positions in Index Futures.
3. Despite DIIs buying more than FIIs in cash segment, market still ended the day at new weekly low.
4. It is expected that if market scales up some points during the day, fierce selling will start which will bring the market down again.
5. Keep watching Option Scalper chart to see when the price comes out of Consolidation zone.
6. Happy Trading.
1. Weakness in the global markets continues due to Middle-East crisis while oil and gold are making fresh highs.
2. FIIs + DIIs are reducing their long positions in Index Futures.
3. Despite DIIs buying more than FIIs in cash segment, market still ended the day at new weekly low.
4. It is expected that if market scales up some points during the day, fierce selling will start which will bring the market down again.
5. Keep watching Option Scalper chart to see when the price comes out of Consolidation zone.
6. Happy Trading.
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Telegram: @jellygill
Our Telegram Channel: @CheetaTrader
join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL