- U.S Markets closed lower Yesterday.
- Yesterday during Market hours Dow Futures were down 300 Points.
- At one Point of time Down was down 600 Points Yesterday.
- During the End of the day it has recovered 70% of its losses.
- Reason for this Bearishness was due to the Crypto Currency Market.
- All the Crypto Currencies have fallen by 50% from their all time highs now.
- Many Funds of U.S have their positions in these currencies.
- Now due to such severe fall these people have to book their Equity positions to compensate damage in crypto.
- This disturbs the rhythm of the Market.
- You may Remember the "GameStop Saga" there was a big short covering in GameStop stock and many hedge funds having short positions lost heavily.
- To compensate the leverage , losses etc they had to book the other positions to clear the Margin here.
- Sort of the same happened yesterday.
- Right now Dow Future's are flat.
- SGX Nifty is flat near 15050.
- Asian Market's are mixed.
- This is just a profit booking going on in our Markets and the trend is still positive.
- Expecting a slighly neutral / positive expiry today.
- Both the FII's & DII's were net sellers yesterday.
- 15100 CE & 15000 PE had the highest open interest yesterday.
- So for the most of time we might Trade within this level today.
- Shared an SBI Strategy on our Telegram Channel which has been performing well.
- Will keep positing all updates there itself.
- Nifty might Trade between 14970 to 15150 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...
Comments