- U.S Markets closed 650 points higher on Friday.
- Nasdaq was up around 2%.
- This was a broad based rally in the U.S Market.
- This should give you a hint as to what the markets are anticipating.
- The day U.S Inflation was announced at 9.1% markets were jittery.
- For 2 trading sessions markets went all over the place.
- After that market started to stabilize.
- This shows market is expecting a reduction in Inflation numbers nect Quarter.
- Hence it is being discounted already.
- Markets work much more faster and discounts future anticipations quickly.
- Asian markets are higher.
- SGX Nifty is close to 16200.
- 16250 was the swing high for Nifty.
- Closing above 16200-16250 should open up the doors for 16400.
- U.S VIX crashed 6% on Friday.
- India VIX fell below 18 on Friday after nearly 3 Months.
- This shows there is not much downside left.
- Chances of market going higher are more slowly and steadily.
- FII's are still net sellers but the amounts have reduced.
- Previously they used to sell close to 3000-4000 crores on a daily basis.
- But now it has dropped to 1000 crores on an average.
- This itself is a positive sign for the Bulls.
- Nifty might Trade between 16080 to 16320 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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