- U.S Markets closed flat Yesterday.
- Right now Dow Futures are mixed.
- Asian markets are mixed.
- SGX nifty is up 70-80 points.
- Yesterday the U.S Markets recovered from lows .
- There was a speculation regarding FED interest rates.
- Some FED people were indicating of a 75 basis points rate hike.
- But FED minutes indicated only a 50 basis point hike.
- This led to a relief rally in the Market.
- Almost on daily basis we are opening with a gap up.
- During the day there's huge FII selling market breaks the previous day low.
- Today is monthly expiry and Volatility is going to be extreme.
- Yesterday Nifty might have closed slightly lower but there was huge pain in mid and small caps.
- Mid caps closed lower by more than 2% yesterday.
- Advance Decline ratio was 1:6.
- For every 1 stock advancing 6 stocks were declining.
- When there is no support from broader market the rallies won't sustain.
- This Market fall is a repeat of 2018.
- Where index won't fall much but mid and small caps keep crashing
- It's like a slow poison injected into the Market.
- Nifty might Trade between 15900 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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