- U.S Markets closed lower yesterday.
- U.S Inflation data has come at a multi decade high of 6.2% for October.
- This is the highest number in last 30 years.
- Dow futures and Asian markets are currently higher now.
- SGX Nifty is trading at 17960.
- Nifty is consolidating within a range of 17800 to 18100.
- Within this range it's been trading with high Volatility.
- Markets are waiting for some fresh triggers to give a fresh move.
- FII's have been consistently selling since October End.
- The magnitude has reduced than before but selling has not stopped.
- Yesterday due to Reliance Market was stabilized.
- Reliance seems to have bottomed out near 2500-2480.
- Before results it was near 2750 but witnessed profit booking and came to 2500.
- Reliance is an index heavyweight and a very important component for Nifty.
- Zomato has come with its results yesterday and it worsens every quarter.
- Losses increase to 500 crores in a quarter.
- A loss making start up acquires stake in other profit making start ups to reduce losses.
- I don't understand this start up saga and it's better to stay away as the valuations are through the roof.
- Nifty might Trade between 17880 to 18050 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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