- U.S Markets have recovered most of its losses yesterday.
- Right now U.S futures are trading higher.
- SGX Nifty indicating a gap up 60-70 points.
- Asian Markets are also higher.
- Yesterday's price action of U.S Market indicates that the Temporary jitter due to Fed policy has subsided.
- U.S VIX was down 5% yesterday.
- I feel Fed rate hike is behind us.
- Also Fed is going to increase quarter percent and in next year which I do not think is a much issue.
- There is just some panic and reaction is knee-jerk.
- Bank Nifty took support as it's lower range of 34500 yesterday.
- This is likely to act as a good support in coming days.
- We are still in a Bull Market and every dip is a buying opportunity.
- Always Remember the larger the dip the bigger the rally.
- As dips always intice short positions and many short positions gets build up.
- These short sellers will take Market higher and lead to short covering.
- Yesterday due to Weekly expiry there was high Volatility.
- Important point was Market didn't break important support levels.
- This is the positive we can take out.
- Yesterday all the Adani Group Stocks fell Uniformly.
- That's why I always say to be away from such stocks.
- A 3-4% move against you and you will be out.
- Technical Analysis , Charts etc don't work when there's news.
- Nifty might Trade between 15620 to 15860 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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