- U.S Markets closed lower Yesterday.
- Right now , Dow futures are slightly lower.
- SGX Nifty is hovering around 17150.
- Indicating another gap up today
- Asian markets are lower
- Yesterday TCS came out with results and they seem good.
- After the results of TCS , all the IT Stocks ADR's have moved higher.
- ADR stands for American Depository receipt
- Indian stocks are traded in foreign markets so that if any FII's are interested they can buy and trade.
- These do not indicate exact movement of the stock the next day but provide a broad idea.
- Markets are now waiting for the Inflation numbers.
- They are due tomorrow ie , Wednesday night as per IST.
- That's the reason markets are jittery before the Inflation numbers announcement.
- Yesterday there was a dramatic recovery since Market opening.
- Nifty didn't even test 17000 and closed above 17200.
- People are ready to buy on dips.
- In spite of such bearishness across World markets we are holding on.
- I expect the same range of yesterday to hold on for today.
- Nifty might Trade between 17000 to 17300 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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