- U.S Markets closed lower yesterday.
- Right now Dow futures are slightly higher.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- This flat SGX has become regular affair now but market not respecting SGX.
- Opening is not as per what SGX is indicating since many days.
- Yesterday nifty broke 18200 and traded below it throughout the day.
- This indicates bearishness in the market.
- The bearish view is for the current expiry itself.
- Next support would emerge at 18000.
- Momentum towards the upside seems lacking now.
- India VIX is below 15 steadily.
- Nasdaq has started to break into pieces.
- This has again triggered a sell off in Indian IT stocks.
- Bank Nifty outperformed nifty yesterday.
- Nifty underperformance is majorly due to IT stocks.
- Many ultra rich businessman are laying of staff and are anticipating a recession.
- Jeff bezos even said it openly about the same.
- Nobody knows in certainty what the future holds but going by current facts India is the least likely to face recession.
- We may follow Global markets and events in short term.
- Fundamentals would Take over later
- Nifty might trade between 18000-18300 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...
Comments