- U.S Markets closed lower Yesterday.
- U.S Markets are down for 5 trading sessions out of last 6 sessions.
- Whereas Indian Markets are up for straight 5 sessions.
- Right now Dow futures and Asian markets are higher.
- SGX Nifty is flat near yesterday closing.
- Yesterday was a fantastic rally in our markets.
- It was a stable Market and a slow and steady rally.
- This was due to major contribution by HDFC group stocks.
- Both HDFC and HDFC Bank led yesterday's rally.
- Mid caps were underperforming throughout the day
- It was the large caps which kept Nifty in check.
- We have fed meeting on Thursday and that's why U.S markets are jittery.
- Because of higher Inflation , FED is expected to increase rates.
- This is leading to a fear in the markets.
- Yesterday india VIX kept inching higher.
- It was higher throughout the day.
- Put options were not falling proportionately whereas call options kept rising.
- Expecting markets to test 200 DMA today near 16950.
- Yesterday we did cross 20 DMA of 16850 and closed above this.
- If we cross 200 DMA then I would become bullish.
- Nifty might Trade between 16700 to 17000 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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