- U.S Markets closed lower Yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 100-120 points.
- Yesterday was a high volatile expiry.
- Markets from being in the Positive suddenly witnessed a sharp dip.
- Markets almost closed at the lowest point Yesterday.
- Bank Nifty was the most volatile of all.
- At one point of time it was up 500 points but closed in negative.
- IT Index continues to face the Heat.
- All IT Stocks were down yesterday.
- Now , after the August Inflation data was announced at 8.3%.
- Markets are expecting a rate hike of 100 basis points.
- We have had two 75 basis points rate hikes upto now.
- This is going to be the biggest of all the rate hikes.
- Markets are fearing about this rate hike and might also be factoring in the same.
- For whole of 2022 markets have been like crazy.
- Not going anywhere but have been highly volatile.
- Nifty might Trade between 17680 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
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