- 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 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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