- U.S Markets closed lower yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 100-120 Points.
- Today we are likely to have a gap down opening.
- Reason is the U.S FED policy.
- Yesterday, the Fed Chairman has increased the rates by 75 basis points.
- Market expectations were 100 basis points.
- This was a third straight increase of 75 basis points to tackle inflation.
- Inflation in U.S has been above 8% Consistently since past many months.
- FED has to be ultra aggressive in tackling the same
- FED was also a bit Hawkish and commented that there would be more rate hikes in future.
- U.S markets were highly volatile and we're moving all over the places.
- Finally closing lower.
- 17400 to 18100 is the range for Nifty.
- This is a broader range
- Within this range market has been making huge swings
- Indian Markets are outperforming U.S Markets.
- 17500 PE has the highest open interest today.
- This would be a good support for today.
- Resistance to kick in near 17800.
- Nifty might Trade between 17500 to 17800 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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