- U.S Markets crashed yesterday.
- Right now Dow futures are higher.
- Nasdaq crashed 3% yesterday and closed at 52 week lows.
- This is because both Tesla and Twitter are down after Elon Musk deal.
- SGX nifty is down 150 points
- U.S Markets are making huge moves everyday and are highly volatile.
- This is making our markets volatile as well.
- Yesterday Nifty saw a huge short covering rally at the end.
- Everything was Bullish.
- Today we have a gap down.
- Such stuff makes life very difficult for traders.
- Today we have many key corporate results in U.S
- These would decide the future course of action.
- LIC is expected to come with IPO in the first week of May.
- They have reduced the size from 5% to 3.5%.
- Also there is a good discount of retail allotment.
- These are some positives coming out of IPO Market.
- U.S markets are expected to remain volatile until FED meet.
- Our markets do follow global cues but we are outperforming all global markets in short run.
- Nifty might Trade between 16980 to 17220 today.
- Yesterday there was heavy put writing at 17000 , 17100 & 17200.
- FII's have been selling fromast 14 sessions
- 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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