- 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 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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