- U.S Markets were down 400 Points at one point of time.
- But it recovered half of it gains Intraday.
- Right now U.S Futures are lower.
- Asian Markets are also lower.
- SGX Nifty is down 100 points.
- This is bacause Fed has indicated to increase the interest rates.
- Interest rate hike is negative for Equity Market as money shifts from Equity Market to the Bond / Debt Market.
- Today we have weekly expiry and considering expiry this gap is huge.
- Yesterday also we fell and today's dip is also a significant correction already.
- This dip is a buying Opportunity and we might recover Intraday.
- 2nd half may turn out to be Volatile due to Expiry related issues etc.
- Yesterday I said I'm Expecting profit booking in near term.
- Exactly this has happened in next 2 days.
- Such Corrections are good for the long term growth of Bull Markets and offer buying Opportunity.
- 15600 is a strong support for today's Expiry.
- Bank Nifty has good support around 34800.
- These levels should hold on to in the first half.
- Second half based on Market Momentum positioning needs to be done.
- Nifty might Trade between 15600 to 15780 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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