- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher.
- SGX Nifty is down 150 points.
- Asian markets are lower.
- Yesterday there was a Fed event in U.S Markets.
- General expectations were an increase of 75 basis points
- Exactly the same happened and at 11.30 markets recovered sharply from lows
- Then at 12 as Fed governer started speaking , it was a complete Hawkish statement.
- This induced lot of volatility and also selling pressure.
- U.S Markets closed at the low point of the day.
- Dow Jones fell 500 points.
- Although all this happened, U.S VIX didn't shot up
- It stayed flat.
- HDFC Bank ADR was down 2% yesterday.
- This could bring pressure in Bank Nifty.
- However I feel yesterday was an over reaction in U.S Markets.
- Markets should stabilize from today.
- 18000 is a strong support for the day.
- Previously as well many times Nifty went above 18k but couldn't sustain.
- Nifty might Trade between 17900 to 18150 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