- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
Comments