- 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 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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