- US markets closed lower yesterday.
- Asian markets are also lower.
- SGX Nifty is down by more than 100 points.
- New Corona Virus and Senate Election for two seats are the reasons for huge profit booking.
- These issues leading to a big fall.
- Yesterday the Markets were quite Volatile.
- From a big gap up it got immediately sold into but also recovered by EOD.
- Markets all over the world are trading near all time high.
- So any negative news, markets can fall 5 to 10%.
- Time to be cautious now.
- Here in India, IT stocks did very well.
- Most IT stocks hit fresh all time high.
- Metal index was up 5% yesterday.
- Though Nifty fell 200 points intraday, entire loss was recovered to close at higest point of the day.
- Usually that is a bullish sign.
- But since US markets fell, SGX Nifty indicating about 100 points gap down.
- Bank Nifty future closed more than 150 points premium to spot price.
- This Indicates Bullish signs.
- Midcaps and small caps out performed.
- Banking is the only sector that closed flat.
- Yesterday Bank Nifty was flat but Nifty closed higher.
- FIIs are net buyers for about Rs 1500+ crores.
- DII's are net sellers for 4th month now.
- U.S Markets have recovered quite well from lows.
- So today will be interesting day to watch out.
- If we defend 14000 then we might close higher but if we go below yesterday's low in first hour then selling pressure will accentuate.
- Nifty might Trade between 13980-14220 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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