- 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 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
Comments