- U.S Markets closed lower yesterday.
- Asian markets are mostly mixed.
- Dow futures are flat right now.
- SGX Nifty is down 50-70 Points.
- Yesterday it was a volatile trading session in U.S Market.
- It was the Fed policy day.
- Fed as expected didn't give any surprises.
- It was expected that they would raise interest rates by 50 basis points.
- Fed did exactly the same.
- They increased rates by 50 basis points.
- Commentary relating to Inflation was also most important.
- This Commentary gives an idea as to what Fed thinks about the Economy.
- What all steps they might consider taking in future etc.
- FED according to me didn't sound much Hawkish relating to Inflation.
- The Commentary was on a slightly Dowish tone.
- Markets went all over the places.
- Finally settling lower.
- So all the events have been completed now.
- There are no planned events that remain for December series.
- India VIX is now at 52 week low.
- It has inched below 13.
- Nifty might trade between 18500 to 18800 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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