- U.S Markets closed higher Yesterday.
- Yesterday he had the Fed event and it has gone as per expectations.
- Fed has increased rates by 25 basis points.
- Markets fell as soon as this news broke out
- But recovered all of its losses from the lowest point of the day .
- Nasdaq was up 3.7% yesterday.
- Most importantly, CBOE VIX crashed 10%.
- This is the biggest fall in VIX in last 2 months.
- Asian markets are higher.
- SGX Nifty indicating a gap up 300+ Points.
- This is another huge gap up after yesterday's one.
- Nifty in last 2 days has made a low of 16600 and now opening near 17300.
- This is a 700 point swing.
- There is no positive development from Russia-Ukraine front.
- No Positive outcome has emerged from the talks.
- Fed also indicated more rate hikes to come in coming months.
- I somehow feel SGX is over reacting today and we might get a dip close of 17100-17000 today.
- Expecting India VIX to also fall drastically today.
- Nifty might Trade between 17000-17300 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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