- U.S Markets closed higher yesterday.
- Right now Dow futures are lower.
- Asian markets are mostly higher.
- SGX Nifty is near 16500.
- Suggesting a big gap up for the day.
- Well yesterday was a Bloodbath in all World markets.
- Russia started to attack Ukraine yesterday and there was a possibility of a war.
- Market feared this and we had a big gap down.
- All the expiry put writers got brutally trapped plus all the monthly F&O longs got trapped as well.
- They had to cut their positions at levels being offered and this let the Market breakdown further.
- Yesterday Nasdaq was down.3.5% when our Market was trading.
- From there we had a dramatic recovery of 7% and it closed 3% higher.
- This is because Biden has announced Sanctions against Russia.
- He has left Oil and Natural Gas in the sanctions.
- This led to a steep decline in commodity prices and triggered a large short covering.
- Yesterday india VIX crossed 30.
- It closed above 30 decisively.
- VIX crossing 30 indicates huge Volatility and it becomes very difficult to trade for short term.
- I feel if yesterday wouldn't have been expiry we wouldn't have fallen this much.
- Due to expiry related issues move accentuates on either side.
- Nifty might Trade between 16400 to 16800 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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