- U.S Markets closed lower on Friday.
- 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.
- Markets have now turned clearly bearish.
- The most worrying sign now is U.S VIX.
- U.S VIX closed above 30 on Friday.
- VIX above 30 is a dangerous sign for the markets.
- This shows the fear is extreme.
- Generally, when the fear is extreme the Volatility is also the extreme.
- The trend has now turned clearly bearish
- U.S Markets have now broken Russia - Ukraine war lows.
- 15200 was our low during Russia - Ukraine war.
- We are still 2000 points away from those lows.
- Our markets have been outperforming compared to rest of the Global markets.
- The only Question is for how long?
- For how long can we keep outperforming the Global markets is a million dollar question.
- Bank Nifty which was providing strength to the markets in last 2 weeks has also turned bearish.
- Infact it's worse than Nifty.
- 17200 is a very strong support for Nifty now.
- If 17200 breaks then we head towards 17000.
- Nifty might Trade between 17200 to 17500 today.
- Will try a long near 17200 as markets are oversold for a short covering bounce.
- If it fails will short again.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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