- 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 YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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