- U.S Markets crashed Yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is at 15750.
- Asian markets are mixed.
- Yesterday we had exit poll results.
- Exit Poll results cannot be trusted with 100% accuracy.
- In the past as well many of the times exit Poll results have gone wrong.
- Majority exit Poll show that BJP is likely to win UP again.
- This is a positive news for stock market.
- In Bearish times markets don't react to good news but react to bad news
- 15800 is a very important support on Nifty.
- Last year Market made a consolidation of 3 Months near 15800-16000 and then broke out.
- So technically it becomes a very important support this time as well
- If this breaks then 15500 -14800 open up.
- The falls will be equally fierce as the rallies.
- Market did rally one way and now falls will also be one way.
- Right now we have crude oil shock impact as well.
- Crude Oil has shot up to 130-140$ / barrel.
- In history I've observed , whenever crude oil stays higher Nifty always have given negative returns.
- Currency is also weakening day by day
- Rupee yesterday hit it's lowest level of last 1 year.
- All this makes worrying signs currently.
- Not advisable to short gap downs.
- Look for rallies close to 16000 to short .
- 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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