- U.S Markets closed mixed yesterday.
- Asian markets were mixed yesterday.
- Right now , dow futures are lower.
- Asian markets are also lower right now.
- SGX Nifty is down 40-50 Points.
- Yesterday the star of the show was IT index.
- IT index was higher more than 2% yesterday.
- Now the money is shifting from Banking stocks to IT stocks.
- All this while it was exactly the opposite.
- I sense that markets have run up too fast too quick.
- A minor correction / profit booking would be healthy
- Markets moving in a straight line is always unhealthy.
- As and when the correction comes it could be destructive.
- Minor profit booking helps the market texture going forward.
- India VIX is significantly below 14 now.
- Yesterday there was a bit higher Volatility than normal days.
- Markets top out or bottom out with Volatility.
- 18900 should be difficult to cross in the short term.
- Nifty might trade between 18700 to 18900 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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