- U.S Markets crashed Yesterday.
- All 3 indices hit fresh 52 week lows.
- Nasdaq is the major contributor on the downside and fell more than 4%.
- Asian markets are lower.
- SGX nifty is down 100 points.
- Well I can remember few months ago people asking me how to invest in U.S stocks.
- Many people from India have already invested huge chunk in U.S Markets.
- Especially in Nasdaq as it was in a crazy bull run.
- Many investors from other countries have also invested in Nasdaq.
- Now because of this huge underperformance all of these are suffering to the core.
- So Nasdaq falling is not only U.S Specific problem it's a global problem now.
- Tomorrow we will be having inflation data in U.S and in all the other countries Inflation data has surprised on the upside.
- So there are fears of recession and highest Inflation ever in the Economy once again.
- Let me tell you , U.S is a Bluechip Diamond Country.
- They have come out of Many shocks in the past Specially 2008 Lehman brothers collapse.
- Nobody expected them to bounce back with such intensity.
- So this Inflation shock is a temporary one and they will bounce back with greater strength.
- Yesterday was again a very high volatile session with market moving all over the places.
- 16500 in weekly has the highest open interest.
- So this will be difficult to cross.
- I expect some stability in our markets and the speed of the fall to reduce in U.S Markets.
- Nifty might Trade between 16150 to 16450 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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