- U.S Markets closed higher on Friday.
- Right now Dow futures are crashing.
- SGX Nifty on Friday was up 300 points.
- Right now it's down 400 points.
- Worrying sign is India VIX above 30.
- This war news doesn't seem to end soon and this is causing lot of jitterness globally.
- Reports have been out suggesting Ukraine isn't ready to talk and keep down their arms.
- This has triggered another negative sentiment globally.
- Until and unless this war settles , markets would be reacting on every headline news.
- This would increase the Volatility manifold and would further create problems to trade.
- The best suggestion as of now is to stay away from Market for a while.
- Let this Volatility settle , let the Market settle and then you can always trade.
- As nobody knows what news could pop out and make markets even more reactive.
- Tomorrow we have a trading Holiday and it's advisable not to carry positions over the day.
- If you are trading it's better to settle Positions Intraday only.
- There's every possibility of Market cracking even more so long term investors should not hurry.
- It's advisable to wait for a further dip and then keep shopping bags ready.
- Good Quality stocks can be very well accumulated on declines.
- Nifty might Trade between 16200 to 17000 for this march 3rd expiry.
- Right now predicting Intraday range is next to impossible.
- 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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