- US markets fell Yesterday.
- US 10 Year Bond yield shot up to 1.55%.
- This is bound to happen due to more stimulus the Bond Yields will go higher.
- This is a worry for our markets.
- Another worry is the Volatility.
- U.S VIX is now close to 30.
- India VIX close to 30.
- Yesterday the Volatility was high.
- Expecting Volatility to increase going further in March series.
- Nasdaq is down by more than 10% from recent high.
- More than 10% fall in U.S Terms is considered as a correction.
- A fall of more than 20% is considered as Bear market.
- Asian Markets are beginning to recover slowly.
- SGX Nifty made a low of 14800 now trading around 14970.
- Option Premiums are too high indicating significant Volatility going forward.
- If we break today's low I won't be surprised to see 14500 again.
- Expecting Nifty to be volatile between 14800 & 15200 and this is the short term range.
- Nifty might Trade between 14880-15080 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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