- U.S Markets closed lower yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 100-120 Points.
- Today we are likely to have a gap down opening.
- Reason is the U.S FED policy.
- Yesterday, the Fed Chairman has increased the rates by 75 basis points.
- Market expectations were 100 basis points.
- This was a third straight increase of 75 basis points to tackle inflation.
- Inflation in U.S has been above 8% Consistently since past many months.
- FED has to be ultra aggressive in tackling the same
- FED was also a bit Hawkish and commented that there would be more rate hikes in future.
- U.S markets were highly volatile and we're moving all over the places.
- Finally closing lower.
- 17400 to 18100 is the range for Nifty.
- This is a broader range
- Within this range market has been making huge swings
- Indian Markets are outperforming U.S Markets.
- 17500 PE has the highest open interest today.
- This would be a good support for today.
- Resistance to kick in near 17800.
- Nifty might Trade between 17500 to 17800 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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