- U.S Markets closed lower Yesterday.
- Dow Jones & S&P 500 crashed 4% each.
- Nasdaq crashed 5% Yesterday.
- SGX Nifty is indicating a 300 point massive gap down today
- Asian markets are lower.
- Reason is the U.S Inflation data which got released yesterday.
- Inflation data arrived was at 8.3% .
- This Data was higher than the expected data.
- Market wasn't expecting Inflation data to be above 8%.
- But this data shocked the markets.
- Yesterday Dow futures were higher till Inflation data was announced.
- They were higher by 200 points.
- As soon as Inflation data got announced it spooked the markets
- U.S VIX rose 15% Yesterday.
- Right now Dow futures are slightly higher.
- 17800 is a strong support for Nifty.
- It this holds we can expect fall to reduce.
- Fall shouldn't be drastic if Nifty holds 17800.
- Yesterday many traders had longs as Nifty closed above 18k.
- All these traders will be chopped off due to this gap down.
- Nifty might Trade between 17700 to 18000 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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