- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly higher right now.
- SGX Nifty is flat.
- Last 2 days Market was been making fresh lows.
- This is generally the price action before the Fed event.
- Market factors in the negatives.
- If market kept moving higher before Fed event then a shock by fed would've taken market 1000 points lower.
- Market going in with not much expectations is always good.
- 16400 is a very important level.
- Expect Nifty to hold onto this today.
- Also this is a very important buy zone for Nifty.
- Bank Nifty near 36k would be worth a long.
- However keep proper stoploss in case if reverses.
- Financials might lead the next rally from here on.
- Previous Bull market IT led the rally.
- This time it's going to be Financials + some minor sectors having not much weightage in Nifty.
- There is quite disparity going on in broader markets.
- Some stocks keep going higher and many keep going lower
- Clearly money is chasing quality names in the Mid & small cap space.
- Nifty might Trade between 16380 to 16600 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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