- U.S Markets closed higher Yesterday.
- During Market hours Dow futures were lower.
- Yesterday Nasdaq outperformed all the major indexes after so long
- Asian markets are mixed.
- SGX Nifty is indicating a big gap up of 250 points.
- Yesterday exactly near 200 DMA we witnessed a severe selling.
- Nifty crashed 300 points from day high and Bank Nifty crashed 1000 points.
- This is a reversing Market and the reversals can be quite strong.
- India VIX shot up to 27 yesterday.
- Yesterday U.S VIX crashed 6% and closed below 30 which is a good sign.
- Russia - Ukraine talks don't seem to have any good outcome
- No solution is being found yet on that front.
- War doesn't seem to be ending anytime soon.
- Today as well we could find some sort of selling pressure near 17k.
- One can sell this gap up with a stoploss of 17000 on Nifty.
- We have fed event today and I feel it's already factored in
- So it's likely to be a Non - Event.
- Crude Oil slips below 95$ / barrel.
- This is a very positive development for india.
- China has detected fresh round of Covid cases.
- Because of this they have been imposing further lockdowns
- This has led to a fall in crude oil prices which is indirectly benefitting India.
- Nifty might Trade between 16600 to 17000 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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