- 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 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...
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