- U.S Markets closed lower yesterday.
- Asian markets are trading lower.
- Right now Dow futures & Asian markets are lower.
- SGX Nifty is down slighlty near 17500.
- Yesterday it was a very pleasant surprise.
- SGX Nifty was indicating 16600 but we opened at 16750.
- Last 2 days we are opening a but higher as per what SGX is suggesting.
- Election results have come as per market expectations.
- India VIX was down 12% at one point of time yesterday.
- Yesterday U.S Inflation data was out.
- Inflation data was as per expectation but core CPI data came higher.
- This triggered a huge sell off in first hour.
- Second hour the Market recovered half of its losses.
- More significantly , U.S VIX crashed 7% yesterday.
- Yesterday we have also passed through major event.
- So in next few days India VIX can also fall 4-8%.
- 16400 is a strong support and 16800 is a big resistance.
- Expecting Market to consolidate in this range for a while
- 200 DMA is at 16900 and I will become only after this is crossed
- As of now I'm maintaining a rangebound view with Volatility.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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