- 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. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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