- U.S Markets closed lower on Friday.
- When our Markets were trading , Dow futures were down 100 points
- Then news came that Putin was given clue of development in talks with Ukraine.
- This led to a huge short covering in global markets.
- SGX Nifty touched a high of 16850 and came all the way to 16480 as U.S Markets closed lower.
- Right now as dow figures are positive , SGX Nifty is flat
- U.S VIX fell on Friday as well
- Expecting India VIX to go below 25 today.
- As I had predicted , Market to be volatile between 16400 to 16800.
- Thursday and Friday have passed and we have been trading in this range.
- Big trend and momentum will develop only once we cross either of these levels.
- Until then , expecting ranging Market within this range
- 15750 to 16750 rally in 2 days can be termed as pullback as of now
- I don't see it as a trend reversal yet.
- 16900 is the 200 DMA and only once we cross this level will the trend become positive.
- Until then the trend is still negative and this is a sell on rally Market.
- LIC IPO is due and this could also squeeze lot of liquidity.
- Also I expect DII's to support the Market as Govt might have ordered them to do so.
- 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...
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