- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are flat.
- SGX Nifty is higher by 40-50 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Big one sided trend would develop only once this range gets taken out.
- Until then this would continue to be a ranging Market.
- Last time , when the Crude prices crossed 125$ Nifty was at 15700.
- Now again crude prices are rising but markets are resilient.
- Only 1 major reason is that FII's have stopped selling as they used to do before.
- Since the day BJP has won elections FII's have sold very less compared to before.
- In some situations they have bought as well.
- This is what is keeping the markets resilient.
- Bank Nifty would be under serious pressure as long as crude prices keep rising.
- Inflation also is a big worry as commodity prices keep going higher.
- Another factor Is the global markets rally.
- U.S markets are also above 200 DMA and they have also been rallying.
- This is also keeping the markets resilient.
- Right now the view is rangebound between 17000 to 17500.
- Trending move would develop only after this range breaks.
- Nifty is likely to outperform as compared to Bank Nifty.
- There's no positive news from Russia - Ukraine front.
- It's better not to carry positions over weekend and stay very light.
- This is a highly volatile market and can turn in minutes.
- Nifty might Trade between 17100 to 17400 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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