- 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 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...
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