- U.S Markets closed lower yesterday.
- When we were trading Dow was up 300 points
- All these gains have been given up during trading hours in U.S.
- Asian markets are lower.
- SGX nifty is below 16k.
- Right now Dow futures are flat.
- Yesterday Nifty for a moment broke 16k.
- In the final hour we witnessed relatively strong short covering rally.
- Yesterday we had the U.S Inflation numbers and they were higher than expected .
- 8.1% was expected but it came in at 8.3%.
- Because of this U.S Market cracked yesterday as well.
- 16000 PE has the highest open interest both in weekly as well as monthly so these Put writers should face trouble today.
- Every minor bounce is being sold into
- Mid and small caps have been butchured and this is just the beginning.
- This is the beginning of a bear Market and these stocks will be taken to cleaners.
- Portfolios have been taking s big hit in recent times.
- Momentum is strong towards downside and any minor bounce is being sold into.
- The hope was U.S Inflation numbers could turn around the game but it was also a big disappointment.
- This May month Nifty touched 17400 and fell all the way to 16000.
- This is a 1400 point decline in less than 9 trading sessions.
- Yes the markets are oversold and they could continue to be oversold for longer duration.
- Same when they were overbought for whole of 2020.
- Personally I like these corrections because it corrects a lot of froth , misvaluations and stocks come back to valuations they deserve or even lesser.
- All the fancied IPO companies are down by 50-60% each.
- Nifty might Trade between 16000 to 16200 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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