- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- Asian markets are flat.
- SGX nifty is indicating 80-100 points gap down.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Yesterday it was a gap up , today it is a gap down.
- Though there was a huge gap up Yesterday , Market was sold off within minutes.
- The selling was so severe Nifty broke Tuesday of 16350 and tested 16300.
- From 16300 it rallied all the way back to 16500.
- Finally closing near 16350.
- So yesterday could be termed as highly volatile trading session.
- This Volatility is going to continue today.
- This is because we have U.S Inflation data coming out tomorrow in U.S.
- This Inflation data is going to decide the future course of the market.
- I believe inflation data could disappoint the Bulls.
- This could cause huge gap opening on Monday so option writers should be cautious carrying positions.
- Even carrying positions for a day in this market is huge risk.
- I expected June to be a stable month but market has other plans.
- So better get used to the Volatility from now.
- Yesterday's RBI policy was slightly higher than expected rate hike of 40 basis points.
- Remember that we are in a Bear market.
- Bear Market rallies are sharp and they don't last long.
- FII's are all in on their money to sell this market.
- Their short positions have increased from 55% to 73% now.
- Same was the situation in May.
- Nifty might Trade between 16180 to 16440 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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