- 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 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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