- U.S Markets closed lower Yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17500.
- Today U.S inflation data is about to come in U.S and there's why some pressure exists.
- Yesterday after many days Market were a little stable.
- Before Yesterday Nifty and Bank Nifty have been making 2% moves on daily basis.
- Yesterday things seem to have settled a bit.
- FII's have sold more than what DII's have bought yesterday.
- But due to Expiry related issues etc Market might have been stable.
- Last 2 consecutive Friday's markets closed at the lowest point of the day.
- This week as well we are sitting on huge gains on both indices.
- So people would like to take off some money to go into the weekend.
- Also there is uncertainty in Global Markets so that is general.
- Evergrande , one of the World's largest real estate developer defaulted in their loan and is on the verge of Bankrupcy.
- Need to closely track the Developments here.
- 17600 is a hurdle for now and one can be bullish only if this level gets taken out decisively.
- Until then it's better to be neutral.
- India VIX is now below 17 and that's a sign of stability.
- However FII selling in back in strength.
- Nifty might Trade between 17300 to 17620 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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