- U.S Markets closed lower on Friday.
- U.S Tech Index Nasdaq closed significantly lower.
- This is due to the Jobs number reported were quite low compared to expectations.
- On Friday our Indian Markets also witnessed profit booking from highs.
- Nifty fell 300 points from 17500.
- Markets from November have been quite Volatile.
- Nifty is making almost 200-300 points on a daily basis.
- Reversals are happening with extreme speed and Volatility.
- This is a ranging Market but with a huge Volatility.
- This is because both the FII's and DII's are in a tug of war.
- DII's buy to support the Market but FII's keep selling.
- Friday all the commodities and all the Cryptos fell.
- Right now Asian markets and Dow futures are higher.
- SGX Nifty is up 50 points.
- We might open flat today.
- RBI governer conference on Wednesday regarding interest rates is a very important event to focus.
- I don't think Market is fearing Omicron.
- Many reports have suggested Omicron to be less deadly than Delta variant and also symptoms are mild.
- Bigger problem is FII selling now.
- Nifty might Trade between 17120 to 17420 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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