- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher by 140 points.
- Asian markets are mixed.
- SGX nifty is indicating a 50-60 point gap down.
- Yesterday was a mayhem over all the asset class.
- Stock Market , Commodity and Crypto all fell.
- Yesterday Nifty has closed near the lower end of the range.
- 15750 was the Russia - Ukraine low.
- This low was defended in the Month of May as well.
- Yesterday this level got broken.
- Last hour recovery helped market to close above this level.
- U.S VIX was up 20% yesterday.
- India VIX inched 15% higher yesterday.
- VIX inching higher is a worrying sign.
- Right now sentiment is extremely bearish.
- There is huge call writing from 15800 to 16200.
- There's no significant Put writing.
- So we are in a highly oversold territory.
- For any rally from here we need some positive triggers.
- So that shorts are out and Market rallies.
- Right now that doesn't look likely.
- We may continue to be in oversold territory for more time.
- Once we get closing below 15700 then we will have more downfall.
- Nifty might Trade between 15600 to 15900 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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