- 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. 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
Comments