- U.S Markets were lower Yesterday.
- Asian Markets were down Yesterday.
- Right now Dow Futures and Asian Markets are higher.
- SGX Nifty is trading near 17650 now.
- Yesterday it was a highly volatile trading day.
- Nifty opened above 17900 was down 300 Points to 17600 and recovered 150 Points during the end.
- India VIX was higher Yesterday as well.
- Monthly expiry is always volatile.
- Futures , Options Contracts all expire at once and that causes indicisivess.
- The reason was such large fall at Intraday was due to Bond Yield rising.
- 10 Year bond yield was up by ₹1.5 yesterday.
- When Bond Yields rise people shift money from Equity to Debt Instruments.
- Plus crude oil also crossed 80$ / Barrell.
- Bond Yield issue was there even in the month of March 2021 and Markets reacted violently then.
- I don't expect the reaction to be much fierce for now.
- Markets won't react twice for the same stuff.
- Expecting Nifty to expire between 17600 to 17900.
- This should be the trading range for today and tomorrow.
- Nifty might Trade between 17600 to 17900 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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