- U.S Markets closed lower yesterday.
- Asian markets are trading lower.
- Right now Dow futures & Asian markets are lower.
- SGX Nifty is down slighlty near 17500.
- Yesterday it was a very pleasant surprise.
- SGX Nifty was indicating 16600 but we opened at 16750.
- Last 2 days we are opening a but higher as per what SGX is suggesting.
- Election results have come as per market expectations.
- India VIX was down 12% at one point of time yesterday.
- Yesterday U.S Inflation data was out.
- Inflation data was as per expectation but core CPI data came higher.
- This triggered a huge sell off in first hour.
- Second hour the Market recovered half of its losses.
- More significantly , U.S VIX crashed 7% yesterday.
- Yesterday we have also passed through major event.
- So in next few days India VIX can also fall 4-8%.
- 16400 is a strong support and 16800 is a big resistance.
- Expecting Market to consolidate in this range for a while
- 200 DMA is at 16900 and I will become only after this is crossed
- As of now I'm maintaining a rangebound view with Volatility.
- 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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