- U.S Markets closed lower yesterday.
- Right now Dow futures are higher.
- Asian markets are mostly higher.
- SGX Nifty is near 17200.
- Suggesting a positive start for the day.
- Yesterday I had mentioned that Russia invading 100% of Ukraine is less likely
- The way Putin is announcing in Public and sending troops shows that he just wants sanctions
- War is done secretively and not by announcing it to the World.
- 16850 was tested yet again yesterday and yet again Market found support from there
- Now I feel this level won't be broken unless we get some other negative news out of the blue.
- Broader Market seems to be collapsing.
- Midcaps , small caps plus most of the large caps are down from their highs significantly.
- Has everything turned positive and we March on from here?
- I don't think so.
- Still we have many major issues wrt. LIC IPO , inflation and Fed policy
- Right now market is hugely volatile and trading within a range of 16850 to 17350.
- 16850 is 200 DMA and 17350 is 20 DMA.
- Expect this consolidation to continue until global markets settle.
- I somehow feel this is not the time to short the markets.
- This is the time to go long
- Just some positivity can take this Market to 17600-17800.
- All global markets are hugely oversold as well.
- Risk reward is to go long on dips with stoploss of 16850.
- Nifty might Trade between 17100 to 17400 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...
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