- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher by 140 points.
- Asian markets are mixed.
- SGX nifty is indicating a 50-60 point gap down.
- Yesterday was a mayhem over all the asset class.
- Stock Market , Commodity and Crypto all fell.
- Yesterday Nifty has closed near the lower end of the range.
- 15750 was the Russia - Ukraine low.
- This low was defended in the Month of May as well.
- Yesterday this level got broken.
- Last hour recovery helped market to close above this level.
- U.S VIX was up 20% yesterday.
- India VIX inched 15% higher yesterday.
- VIX inching higher is a worrying sign.
- Right now sentiment is extremely bearish.
- There is huge call writing from 15800 to 16200.
- There's no significant Put writing.
- So we are in a highly oversold territory.
- For any rally from here we need some positive triggers.
- So that shorts are out and Market rallies.
- Right now that doesn't look likely.
- We may continue to be in oversold territory for more time.
- Once we get closing below 15700 then we will have more downfall.
- Nifty might Trade between 15600 to 15900 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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