- U.S Markets closed higher Yesterday.
- Asian markets are mostly higher.
- SGX Nifty is up 200-250 points.
- Nasdaq closed higher by more than 7%.
- All the shorts were taken to cleaners yesterday in Technology numbers.
- U.S Inflation eases to 7.7% in October.
- Inflation cooling down is a good sign for the economy.
- Also going ahead people are expecting it to reduce further.
- This has created a huge short covering rally yesterday.
- 18300 is a stiff resistance for us.
- Once we cross this level we would be moving towards all time high.
- Until yesterday I was bearish because I didn't expect Inflation numbers to change the game so rapidly.
- As Inflation eases, expecting buying to emerge into Technology stocks as well.
- Expecting money to shift from Banking to Technology stocks.
- Yesterday could be termed as relief rally across global markets.
- Continuation of the same would gather momentum.
- 18300 for nifty.
- 42k for Bank Nifty are critical zones.
- Once these levels are taken out we can be expecting further momentum.
- Nifty might trade between 18100-18350 today.
- 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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