- U.S Markets closed mixed Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are mixed.
- Indian Markets are highly volatile between 16750 to 17400.
- Within this range markets have been making wild swings.
- Yesterday Nifty did retest 16950 and bounced back sharply from there.
- Yesterday it was a sharp recovery and Nifty closed at the highest point of the day.
- Today we have weekly expiry.
- Generally weekly expirys are volatile.
- 16950 to 17200 is the range for expiry.
- In case if we break any of the levels then we might get a larger move during the day
- HDFC Bank will be delivering the results this weekend
- Banking stocks are expected to deliver good results
- Yesterday both the IIP and Inflation data came at negative.
- Inflation rose to 7.4% and Production also has recuced.
- So it's a double whammy on both fronts .
- Next leg of move will be decided by the results of the company's.
- Until then market is likely to stay sideways.
- Nifty might Trade between 16950 to 17200 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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