- U.S Markets closed lower Yesterday.
- After 4 consecutive massive upward days yesterday there was a bit of profit booking.
- Asian markets are trading lower.
- SGX Nifty is trading close to 17300.
- Today after many days we are about to open flat / negative.
- Last 3 trading sessions we opened with huge gap up on daily basis.
- FII's have turned net buyers.
- They have bought for over 2000+ crores yesterday.
- DII's as usual do opposite of what FII's do.
- DII's booked some profits yesterday.
- Consolidation is the need of the hour for Bulls.
- Markets cannot keep going higher at such rapid pace.
- If it keeps going higher at this pace , as and when fall comes it will be severe.
- We have RBI event coming up this Friday
- It's better if we don't go into the event with huge optimism.
- India VIX was up 6% yesterday after many days.
- Bank Nifty is now close to 38000.
- Just before a Month I was hearing about recession everywhere.
- The term recession has been wrongly interpreted.
- There are 2 terms , recession and slowdown.
- Right now we are witnessing slowdown in Global economy and not recession.
- Recession is where more than 50% of the Corporates lose their Jobs.
- Nifty might Trade between 17200 to 17400 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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