- U.S Markets closed lower Yesterday.
- Right now Dow futures are slightly lower.
- SGX nifty is indicating a very flat opening exactly near Yesterday's closing.
- Yesterday the most awaited Inflation numbers were announced.
- U.S Inflation sky rocketed to 9.1%.
- This is once again the highest Inflation number in last 41 Years.
- Because of the same U.S markets fell yesterday.
- According to me , I sense that the worst is already discounted in the Market.
- Yesterday in spite of such high Inflation number , U.S VIX fell
- Expect Inflation to cool down from next Quarter.
- Yesterday we closed below 16k.
- So the short tern trend stands negative.
- Market lacks momentum on either side
- Previously there would be 300 points movement evedyday in Nifty.
- Now the momentum has reduced.
- So do the option Premiums.
- Expect last 2 weeks of July expiry to be Volatile.
- FII's start to sell again.
- Bulls will be happy with a month of Consolidation on Major Indices
- Nifty might Trade between 15900 to 16100 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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