- U.S Markets closed higher yesterday.
- Right now Dow futures are lower.
- Asian markets are mostly higher.
- SGX Nifty is near 16500.
- Suggesting a big gap up for the day.
- Well yesterday was a Bloodbath in all World markets.
- Russia started to attack Ukraine yesterday and there was a possibility of a war.
- Market feared this and we had a big gap down.
- All the expiry put writers got brutally trapped plus all the monthly F&O longs got trapped as well.
- They had to cut their positions at levels being offered and this let the Market breakdown further.
- Yesterday Nasdaq was down.3.5% when our Market was trading.
- From there we had a dramatic recovery of 7% and it closed 3% higher.
- This is because Biden has announced Sanctions against Russia.
- He has left Oil and Natural Gas in the sanctions.
- This led to a steep decline in commodity prices and triggered a large short covering.
- Yesterday india VIX crossed 30.
- It closed above 30 decisively.
- VIX crossing 30 indicates huge Volatility and it becomes very difficult to trade for short term.
- I feel if yesterday wouldn't have been expiry we wouldn't have fallen this much.
- Due to expiry related issues move accentuates on either side.
- Nifty might Trade between 16400 to 16800 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...
Comments