- 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 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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