Hello reader, hope you’ve had a good weekend. Early trades today are expected to see a decline in the markets due to the weakness of other Asian markets following the Friday slump in US markets. Traders are in a difficult situation due to the ongoing anxiety in global financial markets caused by the collapse of two US banks and one European bank last week. As a result, investors are expected to be cautious and follow global trends, with the likelihood of intra-day volatility in the upcoming sessions.
Important points to note:
- Nifty again near key support levels of 16800, which needs to be protected.
- Nifty PCR again under 0.6 levels.
As always, risk management is key, and a proper system in place prevents one from losing out too much, in case of outlier events. Have a good trading day, and may the force be with you!
Disclaimer: this post is for educational purposes only, we are not SEBI registered analysts. Trades mentioned here are not trade recommendations. Equity Investments are subject to 100% market risk, please consult your financial advisor before investing.