- U.S Markets closed higher yesterday.
- Right now Dow futures are slightly lower.
- Asian markets are slightly higher.
- SGX Nifty is near 17400.
- Suggesting a slightly positive opening for today
- Yesterday was a pleasant surprise for many.
- Yesterday I advised to short with a stoploss of 17050.
- The short trade worked well in first half.
- In second half Market started to rally and later we got to know that Russia troops have gone back.
- The War fears have been escalating over past many days.
- Yesterday's news was a relief and as soon as 17100 was crossed there was a huge short covering.
- The short covering was so huge that Market rallied 250 points in 2 hours.
- So one more time 16800 is successfully handled by the Bulls
- Has everything turned positive yesterday?
- The answer is NO.
- Yesterday can be termed as a relief rally and markets could go further to 17600 as well.
- Larger problems like Rate hikes , Inflation and FII selling still remain.
- 16800 to 17800 is the range in which Markets are moving violently.
- This is a turnaround Market and the reversals are so huge on both sides.
- Positional traders are being chopped off.
- Intraday is the only way from here.
- Volatility needs to cool down a bit for Markets to make further big trend from here.
- If you have made money over last 2 days now it's time to be patient and take a day or two off.
- Markets have the Tendency to take it back quickly.
- Nifty might Trade between 17200 to 17500 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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