- U.S Markets crashed yet again on Friday.
- Right now Dow futures are flat
- Asian markets are lower.
- SGX Nifty is near 17100.
- Suggesting a big gap down opening for today
- There is a rally of news flow over the weekend.
- All of them are negative.
- Firstly , Ukraine & Russia war going on.
- It seems likely that Russia will invade Ukraine by this week.
- This has made Crude oil cross 95$/ barrell.
- We are the highest Importers of Crude Oil and this will effect us badly.
- Secondly , ABG Shipyard scam news broke over the weekend and there have been lots of questions on the same.
- ABG shipyard is not a new thing.
- This was in development since last 3 years.
- Many major banks have already recovered some dues from it.
- This could cause a sentimental impact to Bank Nifty but I do not see any longer term impact of the same.
- Thirdly , U.S Inflation and Interest rate hike plus Indian inflation and rate hike.
- This will be having a long term effect on Market and upto March end I don't see Market settling.
- 18000 I feel should be the top till March End.
- Fourth , Sucheta Dalal again targeting Adani group stocks.
- This would all be a one day affair as the same happened few months ago and by next day all of it recovered.
- Tweeting without any corresponding proofs doesn't bring down any group.
- Rather it creates suspicion on the Journalist after a point.
- Im Ultra Bearish till March .
- This is a sell on rally Market with big pull backs in between.
- Only highly skilled traders could make money out of this.
- Others are advisable to stay away for a week at least until the dust settles.
- Volatility will be heavy plus news flow.
- Nifty might Trade between 17000 to 17300 today.
- Do not short the Market immediately after gap down.
- Wait for 17200-17250 range to be rejected and that's where risk reward favours with stoploss of 17300.
- Whole of Inexperienced traders would be going short today at open today as everybody knows negative news.
- This is where big players hunt stoploss and take Market lower in 2nd half.
- 17000-17050 is immediate support.
- If this breaks we are heading towards 16850.
- 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