- U.S Markets closed lower on Friday.
- Right now Dow futures are lower by 300 points.
- Asian markets are lower.
- SGX nifty is indicating 300 points gap down.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Today it is with a huge gap down.
- Reason is U.S Inflation numbers.
- I was warning everyday U.S Inflation numbers could make or break the Market.
- Because in 2016 I faced similar situation and lost 23 Lakhs in 2 trading sessions.
- It took me 3 Months to recover the losses.
- Similar kind of set up was building this time around hence I expected big move after the Inflation data.
- Experience helps a lot in trading.
- Particularly Bad Experience teaches you very important lessons.
- At open there will be chaos and panic today.
- Those who shorted Puts will face the Heat and Market can head much lower.
- The only trade after such huge gap down is to Buy.
- One could buy Nifty near 15800 with a stoploss of 15750.
- I don't think this correction is just for today.
- This should continue and we can easily fall 10% from here.
- Nifty might Trade between 15750 to 16000 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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