- 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 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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