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Global Shock !! (6th August 24)



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 to the low for August expiry.
18. Sense that Nifty has made a short term bottom at 23850-23900.
19. Bank Nifty has made a Short term bottom near 50k level.
20. Nifty might trade between 24000 to 24400 today.


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