- 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 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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