- U.S Markets closed mixed yesterday.
- Right now Dow futures are flat.
- Asian markets are mixed.
- SGX Nifty is flat
- Suggesting a flat opening for the day
- Yesterday was a totally unexpected session.
- Market crashed 300 points and banks crashed more than 2%.
- Friday was a narrow range day of 17400 to 17500.
- As soon as we broke 17400 it was a collapse.
- FII's & DII's both were net sellers yesterday.
- Combined selling was close to 2600 crores.
- This could be possibly due to RBI Policy fear.
- Fear of an interest rate hike by the RBI and rise in crude oil might be the Possible reasons of this sell off .
- Selling was so severe that Nifty fell almost 400 points Intraday.
- 17120 was yesterday's low for Nifty all the way from 17520.
- Without any corresponding negative news.
- India VIX shot up 8% yesterday.
- Market returns have turned negative for the year 2022.
- Nifty might Trade between 17120 to 17400 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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