- U.S Markets crashed Yesterday.
- Right now Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is near 17430.
- Suggesting a big gap down opening for today
- U.S Markets were highly volatile yesterday.
- It opened 2% gap down then within 1 hour it came into green.
- Last hour again selling accentuated and closed at the lowest point of the day.
- Yesterday RBI kept a very dovish commentary.
- This induced a huge short covering Intraday.
- We almost closed at the highest point of the day yesterday.
- Just after Market closing , this Inflation data triggered huge sell off
- Expectation was 7.2% but it came at 7.5%.
- 10 year bond yield shot above 2 for the first time since 2019.
- Fed indicated they would be looking to hike rates in March by 0.5%.
- This year will be difficult for investors.
- Majorly the risks are due to Global Markets.
- 17800 I feel is the top for Feb series.
- I have sold many Calls above 17800.
- One can consider selling call options above 17800.
- Nifty might Trade between 17300 to 17600 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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