- U.S Markets closed higher yesterday.
- Asian markets are mostly higher.
- Dow futures are higher right now.
- SGX Nifty is higher by 100-120 Points.
- Yesterday was a highly Volatile trading day.
- It wasn't just volatile it was an unexpected trading move.
- Yesterday there were news that China has enduced more lockdowns due to Covid 19 cases.
- There have been a surge in Covid 19 cases in China.
- Also there have been few cases of Omicron variant detected in India.
- Because of this news markets crashed.
- The crash was so severe that Nifty fell 300 points from day high.
- Bank Nifty more than 1000 points.
- India VIX at one point of time was up 15%.
- My view is that Covid is history.
- We have fought with it, dealt with it and we have moved on long ago.
- It won't come back nor it will have an impact.
- Mini crash like yesterday offer a good buying opportunity.
- As people forget logic during these times and take decisions based on emotions.
- Whenever emotions are given importance than logic , it offers a good opportunity to enter.
- We have discussed the Nifty range as 18200 to 18500.
- Yesterday Nifty went below 18200 at one point of time but recovered quite sharply.
- Nifty is likely to trade within this range with huge Volatility.
- Nifty might trade between 18150 to 18450 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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