- U.S Markets closed lower yesterday.
- Right now , Dow Futures are lower.
- SGX Nifty is down 100-150 points
- 100-150 point gap up / gap down has become a normal routine now
- Markets now have become highly volatile.
- Yesterday as I predicted the range from 16950 to 17250 held throughout the day.
- In between this range , market kept swinging violently.
- U.S VIX shot up above 34 Yesterday.
- U.S Markets have now broken Russia Ukraine war lows decisively.
- This has become a sell on rally market now.
- All the rallies are being sold into vigorously.
- Currency problem is further accentuating the fall.
- Since November 2021 , markets haven't gone anywhere.
- Infact as of now they have become negative for the year.
- Only positive for our markets are we are outperforming the Global markets.
- We are very very far away from War lows.
- Which gives me fear that we might fall heavily when selling begins.
- 16800 to 17000 is the range now.
- Once 16800 gets taken out there would be heavy selling and 16500 will open up.
- Nifty might Trade between 16700 to 17000 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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