- U.S Markets closed lower yesterday.
- Right now Dow futures are down.
- Asian Markets are all trading lower.
- Reason of such negative sentiment is due to the above .
- SGX Nifty is now at 16250.
- Many including me thought Russia Ukraine War was a one off event.
- Negotiations would happen and finally everything would come at peace.
- But right now that's not the case.
- This doesn't seem to end anytime soon.
- The more the attack goes on the more likely war fears are going to escalate.
- Even if this War subsides we still have many other issues.
- Inflation, Interest rate hike being the major of them.
- We are likely to open below 16400 as SGX Nifty is suggesting.
- The next immediate support is at 16200.
- This was the low we made on Feb 24th Expiry day.
- If 16200 is taken out then downside remains open.
- As I've been suggesting from lot of time that this is a sell on rally Market.
- Use rallies to short the Market.
- Bull Market is history.
- We havent entered into Bear terrian yet but still we are going through brutal correction.
- Be very selective in stock picking.
- FII's have sold the highest yesterday In last 6 Months.
- 6600 crores is the amount of selling they have done.
- In just 2 sessions alone of March they have sold more than 11000 crores
- As of now it looks like March month is going to be brutal for Indian stock Market.
- Nifty might Trade between 16100 to 16400 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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