- U.S Markets closed lower yesterday.
- Right now Dow futures are down.
- Asian Markets are all trading lower.
- Reason of such negative sentiment is due to the above .
- SGX Nifty is now at 16250.
- Many including me thought Russia Ukraine War was a one off event.
- Negotiations would happen and finally everything would come at peace.
- But right now that's not the case.
- This doesn't seem to end anytime soon.
- The more the attack goes on the more likely war fears are going to escalate.
- Even if this War subsides we still have many other issues.
- Inflation, Interest rate hike being the major of them.
- We are likely to open below 16400 as SGX Nifty is suggesting.
- The next immediate support is at 16200.
- This was the low we made on Feb 24th Expiry day.
- If 16200 is taken out then downside remains open.
- As I've been suggesting from lot of time that this is a sell on rally Market.
- Use rallies to short the Market.
- Bull Market is history.
- We havent entered into Bear terrian yet but still we are going through brutal correction.
- Be very selective in stock picking.
- FII's have sold the highest yesterday In last 6 Months.
- 6600 crores is the amount of selling they have done.
- In just 2 sessions alone of March they have sold more than 11000 crores
- As of now it looks like March month is going to be brutal for Indian stock Market.
- Nifty might Trade between 16100 to 16400 today.
- 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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