- 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 on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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