- U.S Markets closed mixed yesterday.
- Right now Dow futures are higher.
- Asian markets are lower.
- SGX Nifty is up 20,30 points.
- Yesterday was a volatile expiry.
- Market kept falling since open.
- As soon as Nifty broke 17900 it's support level , the selling intensified.
- India VIX was 7% higher yesterday during the day.
- The final 30 minutes witnessed good amount of short covering.
- Nifty took support around 17800 yesterday.
- As I've been saying 17800 to 18100 is the range currently.
- Market is trading with huge Volatility in this range.
- Market is weak specially the Bank Nifty.
- Bank Nifty hit an all time high of 41800 in October end.
- Now it's at 38500.
- Down more than 10% because of inflation fears.
- The sentiment is negative now as we haven't a closing above 18100 for Nifty.
- At lower levels short covering is saving the Market from collapsing.
- Else the situation would've been much worse.
- Expect the range to continue for some more time.
- Nifty might Trade between 17800 to 18100 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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