- U.S Markets closed higher Yesterday.
- Yesterday he had the Fed event and it has gone as per expectations.
- Fed has increased rates by 25 basis points.
- Markets fell as soon as this news broke out
- But recovered all of its losses from the lowest point of the day .
- Nasdaq was up 3.7% yesterday.
- Most importantly, CBOE VIX crashed 10%.
- This is the biggest fall in VIX in last 2 months.
- Asian markets are higher.
- SGX Nifty indicating a gap up 300+ Points.
- This is another huge gap up after yesterday's one.
- Nifty in last 2 days has made a low of 16600 and now opening near 17300.
- This is a 700 point swing.
- There is no positive development from Russia-Ukraine front.
- No Positive outcome has emerged from the talks.
- Fed also indicated more rate hikes to come in coming months.
- I somehow feel SGX is over reacting today and we might get a dip close of 17100-17000 today.
- Expecting India VIX to also fall drastically today.
- Nifty might Trade between 17000-17300 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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