- U.S Markets closed lower Yesterday.
- Dow Jones & S&P 500 crashed 4% each.
- Nasdaq crashed 5% Yesterday.
- SGX Nifty is indicating a 300 point massive gap down today
- Asian markets are lower.
- Reason is the U.S Inflation data which got released yesterday.
- Inflation data arrived was at 8.3% .
- This Data was higher than the expected data.
- Market wasn't expecting Inflation data to be above 8%.
- But this data shocked the markets.
- Yesterday Dow futures were higher till Inflation data was announced.
- They were higher by 200 points.
- As soon as Inflation data got announced it spooked the markets
- U.S VIX rose 15% Yesterday.
- Right now Dow futures are slightly higher.
- 17800 is a strong support for Nifty.
- It this holds we can expect fall to reduce.
- Fall shouldn't be drastic if Nifty holds 17800.
- Yesterday many traders had longs as Nifty closed above 18k.
- All these traders will be chopped off due to this gap down.
- Nifty might Trade between 17700 to 18000 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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