- 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 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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