- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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