- U.S Markets closed lower on Friday.
- Right now Dow futures are lower by 300 points.
- Asian markets are lower.
- SGX nifty is indicating 300 points gap down.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Today it is with a huge gap down.
- Reason is U.S Inflation numbers.
- I was warning everyday U.S Inflation numbers could make or break the Market.
- Because in 2016 I faced similar situation and lost 23 Lakhs in 2 trading sessions.
- It took me 3 Months to recover the losses.
- Similar kind of set up was building this time around hence I expected big move after the Inflation data.
- Experience helps a lot in trading.
- Particularly Bad Experience teaches you very important lessons.
- At open there will be chaos and panic today.
- Those who shorted Puts will face the Heat and Market can head much lower.
- The only trade after such huge gap down is to Buy.
- One could buy Nifty near 15800 with a stoploss of 15750.
- I don't think this correction is just for today.
- This should continue and we can easily fall 10% from here.
- Nifty might Trade between 15750 to 16000 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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