- U.S Markets closed flat Yesterday.
- Right now Dow futures are lower.
- SGX nifty is flat.
- Yesterday it was a downward trending day.
- Nifty found resistance near 15700 on Tuesday and then weakened from these levels.
- 15400 was a good support yesterday.
- So today the most important level to watch out is 15400.
- One can go long near this level with a 50 point stoploss.
- But if 15400 breaks and Market starts to weaken then 15200 opens up.
- Yesterday U.S Fed said that they are doing their best to control Inflation.
- Rate hikes are the only possible tools and U.S Stock Market Recession should continue.
- This wasn't a pleasant statement made by Fed.
- Yesterday U.K inflation data was announced and it was at 9.1%.
- This is the 40 year high Inflation number.
- Because of this Markets all over the World witnessed sell off yesterday.
- Today expiry should be range bound and don't expect big moves on either side.
- Midcaps and small caps are crashing like no tomorrow.
- Nifty is misleading as it's only 19% down from top.
- The real pain is in Mid and small caps.
- Most of these have fallen 30-50%.
- We have to get through the pain in order to witness good times.
- Nifty might Trade between 15380 to 15600 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. 20. Com
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