- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is down 50 Points.
- Yesterday it was a surprise.
- As soon as Markets opened it started to go lower.
- Markets stabilized in between but ultimately it kept moving lower.
- Nifty after coming close to 18500 spent lots of time near that zone.
- It tried to recover and settle.
- Global markets turned negative meanwhile.
- Dow futures kept crashing down.
- Also it was expiry so due to expiry related issues things aggrevate.
- 18500 PE had the highest open interest and as soon as this was taken out there was a one way fall.
- Generally the reaction of the event is given on the day of the event by the markets.
- Here it's not the case.
- U.S Markets have reacted to the Fed event yesterday.
- Still I feel yesterday it was some over reaction by our Markets.
- We should settle down and start to go higher.
- India VIX moved higher by 7% yesterday.
- Nifty might trade between 18300 to 18600 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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