- 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. 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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