- U.S Markets closed lower Yesterday.
- Nasdaq crashed 500+ points yesterday.
- Dow Jones and S&P were also weak.
- In the Afternoon Dow Futures were positive on the back of good jobs data Expectation.
- As Markets opened Fed minutes were presented.
- In minutes there were talks about Increase in interest rates and reducing bond purchase.
- There was also a discussion on Reducing liquidity in the economy.
- This will be done in a staggered manner.
- This posted a dent on the Bullish sentiment and caused markets to fall in panic.
- U.S VIX was up 16% YESTERDAY.
- Due to all this SGX Nifty is indicating an open near 17800.
- I feel this is a good gap down to enter into.
- 17750-17720 should act as good support levels for the day.
- Once Global Markets start to stabilize we will resume uptrend.
- Yesterday both FII's and DII's were net buyers.
- Today is weekly expiry and this gap down might create panic in first half.
- Post that we can stabilize and can expect a recovery.
- Bank Nifty looks strong and has actually breached 20 DMA yesterday.
- IT stocks were under pressure and expect it to continue today as well
- Nifty might Trade between 17720 to 17960 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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