- U.S Markets closed higher yesterday.
- For the first time after many days we had a positive closing yesterday.
- Dow futures right now are slightly higher.
- Asian markets are mixed.
- SGX Nifty is up 10-20 points.
- Yesterday was again a disappointing day for the Bulls
- Nifty again closed at the lowest point of the day dragged by HDFC twins.
- These both stocks have been making markets highly volatile.
- FII's were selling from a couple of days but their selling amount was not that large.
- Yesterday we had a 5000 crore number from FII.
- This was evident from the price action we had witnessed yesterday.
- From the day Honourable FM gave a statement indirectly saying FII's are not thay relevant & praised retailers.
- These FII's have started to show true colour.
- They have been selling on a daily basis from that day.
- Most important event today is the RBI policy.
- I feel markets have factored in negatives in the last 3 days fall.
- Today I expect RBI to maintain status quo.
- So we might have some rally today.
- Also 17600 is a strong support.
- I will turn cautious only if Nifty closed below this level.
- Nifty might Trade between 17580 to 17800 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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