- U.S Markets closed lower yesterday.
- Right now Dow futures and Asian markets are mixed.
- SGX Nifty is at 17300.
- Ahead of FOMC meeting Market is under pressure.
- Markets can handle good news , bad news but cannot handle uncertainty.
- U.S Markets have fallen 4% in anticipation of Fed meeting so I feel negative news has been factored in.
- Today we might have some upside in U.S Markets.
- Fed has always been pro Market after the Lehmann brothers collapse.
- It's less likely they would come out with something very negative and disrupt the Markets.
- FII's have sold for 750 crores yesterday and hence Market was stable.
- FII's will be going inactive in last part of December.
- So we can expect volumes to reduce going ahead.
- Today we can expect an inside day within yesterday range on Nifty.
- Yesterday Midcaps and small caps closed in green.
- Only due to FII selling large caps were under pressure.
- 17400 CE added huge open interest yesterday.
- So Nifty might face stiff resistance in the range of 17400-17450 today.
- Yesterday's low of 17230-17250 should act as a good support today..
- Nifty might Trade between 17200 to 17450 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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