- U.S Markets closed lower on Friday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is flat
- Friday was a day of Bloodbath in our Markets.
- Nifty future high was 18100 on Thursday.
- Yesterday low was 17500.
- This is a fall of 600 points in just a single trading day.
- India is a high beta market.
- When our market goes higher it's super quick.
- Similarly, when markets go lower.
- 17500 is a major support now
- If this is taken out then doors for 17200 open up.
- Markets all over the World are fearful about 100 basis points rate hike.
- This rate hike is likely getting factored in.
- This is a high volatile market.
- The swings are really big.
- Many stocks have turned bearish on Friday.
- Nifty might Trade between 17400 to 17700 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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