- U.S Markets closed mixed on Friday.
- Right now Dow futures & Asian markets are lower.
- 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.
- The War is worsening day by day with no signs of compromise / settlement yet.
- There have been many attempts of peace talks but all have been in vain.
- All this have kept the markets highly volatile.
- Commodity prices have been changing 3-4 times a day with moves.
- Previously , there used to be hardly 1-2 % change.
- Imagine the plight of business traders dealing in steel etc.
- PVR and Inox announce merger to form India's biggest multiplex chain.
- While this merger is looking beneficial for Inox shareholders as it's at a premium of 17%.
- The important point here is would they get the approval of competition commission.
- I think it's quite difficult as this merger would cause an effect on competition.
- Bank Nifty is underperforming as compared to Nifty as crude keeps rising
- Financial stocks keep taking the hit.
- For whole of 2022 , Market has gone everywhere , been highly volatile but on close to close basis it's just flat.
- 17200-17300 was the Jan 1 level and today also we are at the same.
- Nifty might Trade between 17000 to 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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