- U.S Markets closed flat Yesterday.
- Right now Dow Futures are slightly higher.
- Asian markets are mixed.
- SGX nifty is up 10-20 points.
- Yesterday , once again it was a mayhem in Technology stocks.
- Snapchat's Quarterly results missed estimates and expectations and the stock fell 40% in a single day.
- Indian markets are much better.
- Here the stock goes down by 10% but in U.S there is no limit.
- Nasdaq again witnessed heavy sell off yesterday.
- Divis Lab day before yesterday declared fantastic results but stock fell 10%.
- This tells you the sentiment of the market.
- Market is clearly in a mood to sell off where there's any negative news.
- In 2020 , the Market was exactly opposite.
- Even Bad results stocks were shooting up like no tomorrow.
- 2022 the Market is exactly opposite.
- This tells you that it's important to judge the trend of the market.
- Yesterday for no reason India VIX has gone up by 10%.
- This is a worrying sign that just before expiry without any incremental negative news VIX shooting up in double digits.
- This suggests a big move could be coming closer to expiry.
- In the May month on all weekly expiry days , Nifty has fallen more than 200 points and mostly with a gap down.
- Traders are expecting this trend to continue for the monthly expiry as well hence put Options are trading are huge prices.
- Nifty might Trade between 16000 to 16300 today.
- If 16000 breaks then we may retest 15750 in a couple of days.
- 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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