- U.S Markets crashed Yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is near 17430.
- Suggesting a big gap down opening for today
- U.S Markets were highly volatile yesterday.
- It opened 2% gap down then within 1 hour it came into green.
- Last hour again selling accentuated and closed at the lowest point of the day.
- Yesterday RBI kept a very dovish commentary.
- This induced a huge short covering Intraday.
- We almost closed at the highest point of the day yesterday.
- Just after Market closing , this Inflation data triggered huge sell off
- Expectation was 7.2% but it came at 7.5%.
- 10 year bond yield shot above 2 for the first time since 2019.
- Fed indicated they would be looking to hike rates in March by 0.5%.
- This year will be difficult for investors.
- Majorly the risks are due to Global Markets.
- 17800 I feel is the top for Feb series.
- I have sold many Calls above 17800.
- One can consider selling call options above 17800.
- Nifty might Trade between 17300 to 17600 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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