- 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 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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