- 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 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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