- U.S Markets closed 600 points higher yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17040 now.
- Markets has been making huge swings now.
- Just imagine , Friday's high was 17500 for Nifty and yesterday low was 16900.
- That's a 600 Point fall in 2 trading sessions.
- This selling is not on the back of any negative news nor on the back of negative global cues.
- Many are contemplating that this fall is due to Omicron Variant scare.
- I don't think so.
- Omicron Variant as many agencies pointed out is less deadly than Delta Variant.
- The biggest problem now for the Market is FII selling.
- FII's have now sold for 85000 crores in last 1 Month.
- Yesterday I expected a selling of 5000 crores but it has come at 3400 crores only.
- One shocking point is that only 1 stock of Nifty 50 closed higher yesterday.
- Rest all 49 stocks closed in Red.
- Until this FII selling goes on this is a sell on rally Market.
- Rallies and pull backs will come.
- Those are opportunities to sell into.
- Yesterday was a one day trending Market towards the downside.
- Nifty might Trade between 16800 to 17100 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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