- 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 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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