- US markets closed higher Yesterday.
- Asian Markets have also recovered their losses.
- Dow , S&P 500 and Nasdaq all closed higher.
- Right now U.S futures are also slightly higher.
- SGX Nifty is trading around 14850.
- SGX Indicating a significant gap up today.
- Yesterday we witnessed weakness ahead of expiry.
- Weakness was majorly due to HDFC twins.
- Both HDFC Ltd & HDFC Bank underperformed significantly.
- Due to these 2 stocks Nifty fell 100 points.
- HDFC Bank was facing Net Banking issues and previously they were warned by RBI that unless these issues won't be solved they won't be able to launch other products and provide other services.
- This triggered big sell off in these stocks.
- Yesterday FII's were net sellers but DII's were net buyers.
- Going ahead I feel that Market is going nowhere.
- After fantastic rally in Mid 2021 March was the first month where Markets fell all over the World.
- Now Markets are Consolidating.
- Remember , Consolidation always happens with Volatility.
- On a daily basis Nifty and Bank Nifty are making more than a percent moves.
- Today I expect Markets to be Volatile between 14650 & 14950.
- Do not expect any significant one sided moves today.
- Markets on a close to close basis will be more or less flat.
- Nifty might Trade between 14740-14980 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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