- U.S Markets closed lower on Friday.
- In spite of good jobs data markets closed lower.
- U.S Markets were in green for the first half but 2nd half witnessed massive sell off.
- This shows Volatility is again beginning to creep in.
- Right now Dow futures are higher.
- Asian markets are mostly lower.
- SGX Nifty is down 50 points close to 17500.
- As I pointed out earlier I'm bearish on the markets.
- 18000 is the positional stoploss for shorts.
- Another reason for bearishness is Adani group stock prices.
- Once the bubble bursts here it could damage the sentiment of the Market.
- 17200 to 17600 is the short term range for Nifty.
- Expect markets to consolidate within this range for a while.
- Nasdaq has again turned into bearish zone.
- Due to this we are witnessing sell off in Indian IT stocks too.
- FII's after Fed event seem to be confused.
- Sometimes they sell sometimes they buy big and give mixed signals.
- That's the reason I don't expect a big trending move anytime soon.
- Nifty might Trade between 17350 to 17650 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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