Market View: Nifty, Bank Nifty, Sensex 18 Apr 24
What Happened in Last 24 hours Worldwide:
1. US markets extended their losses further and we witnessed first consecutive 4 days in red in 2024.
2. FIIs have become Net sellers in Index Futures as well as DIIs.
3. Oil prices fall 3% due to rising US inventory and weak demand from China.
4. On 30 min time frame, nearby Support for NIFTY is sitting at 22105 while nearby resistance is at 22266. Currenly price is within the consolidation zone, hence wait for any break above or below the cloud.
5. it is expected that market is standing on shaky ground and it is more likely to go down rather than up. Hence, whenever price breaks below the consolidation zone, as Option Scalper will show you live, you may take short positions and hold your trade till price does not come back inside the consolidation zone again.
6. Happy Trading.
1. US markets extended their losses further and we witnessed first consecutive 4 days in red in 2024.
2. FIIs have become Net sellers in Index Futures as well as DIIs.
3. Oil prices fall 3% due to rising US inventory and weak demand from China.
4. On 30 min time frame, nearby Support for NIFTY is sitting at 22105 while nearby resistance is at 22266. Currenly price is within the consolidation zone, hence wait for any break above or below the cloud.
5. it is expected that market is standing on shaky ground and it is more likely to go down rather than up. Hence, whenever price breaks below the consolidation zone, as Option Scalper will show you live, you may take short positions and hold your trade till price does not come back inside the consolidation zone again.
6. Happy Trading.
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Our Telegram Channel: @CheetaTrader
join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL
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