- U.S Markets closed lower yesterday.
- Asian markets are lower.
- SGX nifty is down 200 points.
- So there is a huge gap down in store.
- Yesterday we opened with a huge gap up had a bit of short covering as well.
- Markets went close to 17k but as soon as this happened huge selling again started.
- Nifty just closed flat after trading 300 points higher at one point of time.
- This fall is majorly due to Inflation and rising Interest rates.
- Yesterday , Bank of England raised the rates by 25 basis points.
- U.S is set to report highest inflation numbers in coming quarter as well.
- Plus , there have been reports of U.S entering recession post this event.
- All this panic has led to a collapse in the Market.
- The Volatility currently is unbelievable.
- Yesterday Nifty touched almost 17k and today it's showing 16400.
- So a 600 point swing in 1 day is impossible to handle.
- Yesterday majority of people lost huge sum of money in expiry trading.
- I had stopped expiry trading long ago because of this Volatility so at least I'm a bit safe.
- Many traders have already gone out of the market.
- Citing this Volatility and Uncertainty.
- From November 2021 the markets are behaving this way.
- Random and erratic price action with huge gap ups or gap downs.
- So right now trading with minimum position size is advisable.
- Nifty might Trade between 16400 to 16800 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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