- U.S Markets closed lower yesterday.
- Asian markets are lower.
- SGX nifty is down 200 points.
- So there is a huge gap down in store.
- Yesterday we opened with a huge gap up had a bit of short covering as well.
- Markets went close to 17k but as soon as this happened huge selling again started.
- Nifty just closed flat after trading 300 points higher at one point of time.
- This fall is majorly due to Inflation and rising Interest rates.
- Yesterday , Bank of England raised the rates by 25 basis points.
- U.S is set to report highest inflation numbers in coming quarter as well.
- Plus , there have been reports of U.S entering recession post this event.
- All this panic has led to a collapse in the Market.
- The Volatility currently is unbelievable.
- Yesterday Nifty touched almost 17k and today it's showing 16400.
- So a 600 point swing in 1 day is impossible to handle.
- Yesterday majority of people lost huge sum of money in expiry trading.
- I had stopped expiry trading long ago because of this Volatility so at least I'm a bit safe.
- Many traders have already gone out of the market.
- Citing this Volatility and Uncertainty.
- From November 2021 the markets are behaving this way.
- Random and erratic price action with huge gap ups or gap downs.
- So right now trading with minimum position size is advisable.
- Nifty might Trade between 16400 to 16800 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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