- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower right now
- SGX Nifty is flat.
- Yesterday as well it was a very flat day.
- Nifty traded within a small range of 16560 to 16700.
- This might be because markets are now waiting for the Fed event.
- On Wednesday we do have Fed event coming.
- Fed will decide about the Interest rates etc.
- From there on traders & Investors will get a clue.
- Reliance dragged the nifty yesterday.
- Reliance was down more than 3% yesterday
- Bank Nifty facing stiff resitance near 37000.
- As soon as Bank Nifty touched 37000 there was a heavy sell off.
- Nifty is facing huge resistance near 16700.
- So I expect this sideways move to continue till Fed event.
- After Fed event itself market market will go one way or the other.
- India VIX inched 6% higher yesterday.
- Premiums are not coming down on the back of event.
- Nifty might Trade between 16500 to 16700 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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