- 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 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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