- U.S Markets closed higher Yesterday.
- Asian Markets are also Trading higher.
- SGX Nifty is indicating a positive opening around 15800.
- The talk of the town is U.S Inflation data.
- The General Expectation was 4.7% but it was come way higher at 5%.
- In spite of this U.S Markets closed higher yesterday much to everyone's suprise including me.
- Higher Inflation leads to higher interest rates and that is a negative news for Market.
- Higher Inflation also reduces the purchasing power.
- Yesterday I had mentioned that Wednesdays move was just a shake off to remove the loose hands.
- Market should start moving normally higher.
- That's what exactly happened yesterday's expiry.
- Market closed at the highest point of the day yesterday and trapped shorts.
- Today key levels for Nifty and Bank Nifty are 35500-35500 on Bank Nifty and 15800 on Nifty.
- Once we start sustaining above these levels then further short covering will take place.
- On Wednesday at one point of time my MTM loss was near 4 lakhs.
- People will show you how they were right on a trade and how the made Money.
- Hardly anyone would say you how to tackle such Volatility with Adjustments.
- That's what succeeds a trader in the longer term.
- I didn't panic did some adjustments and yesterday it's reduced to 50k.
- One needs to understand the risks and rewards and shouldn't panic by looking at MTM status.
- I know many people on Wednesday Stoploss got triggered in both the directions.
- Bank Nifty might Trade between 35000 to 35500 today.
- Nifty might Trade between 15720 to 15880 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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