- U.S Markets closed lower yesterday.
- Right now Dow futures are slightly higher
- Asian markets are higher.
- SGX Nifty is near 16950.
- Suggesting a slightly positive opening for today
- Yesterday was a bloodbath all over Dalal Street.
- Nifty fell 3% , Bank Nifty 4% and almost all the stocks closed in Red
- Only TCS was positive yesterday in Nifty 50 rest all closed in Red.
- 17050 was this month's low and that got breached and we closed below the same.
- This indicates further weakness in the Market.
- We did halt yesterday at 16800 near 200 DMA yesterday but I feel it's a matter of time before we break it and test 16400.
- Markets have made a vertical rally last year so the fall now will also be vertical.
- My view would go wrong only if we get a closing above 17100 on Nifty.
- Until then sell on rally view remains.
- Banks supported the Market all along but now fresh downside expansion has started there as well.
- Big players are dumping stocks to retailers considering exuberance in the Market.
- War , Inflation etc are just reasons.
- When Market wants to go down it just needs reasons to go down.
- I don't think correction ends here and it's a good time to start buying stocks for long term.
- Until March end I feel the correction would continue and would expand.
- Once correction ends we would get an indication and then it would be a good indication to buy for long term.
- As of now let the Market correct and it's better to sit on cash.
- Do not follow people who on every dip keep saying "This is an opportunity for long term" etc.
- When Market goes up by 200 points they say see I said you so.
- Long term has nothing to do with timing the Market.
- Long term is buying quality at dirt cheap price.
- Prices are not cheap yet in my opinion.
- This would now be a very stock specific Market.
- Only selected quality stocks would be going higher and the broader Market would keep going down.
- One should be very selective and skilled to make money from hereon.
- Nifty might Trade between 16800 to 17100 today.
- If 16800 breaks be ready for fresh bloodbath.
- 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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