- U.S Markets closed lower yesterday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- SGX Nifty is down 50 Points.
- Yesterday it was a surprise.
- As soon as Markets opened it started to go lower.
- Markets stabilized in between but ultimately it kept moving lower.
- Nifty after coming close to 18500 spent lots of time near that zone.
- It tried to recover and settle.
- Global markets turned negative meanwhile.
- Dow futures kept crashing down.
- Also it was expiry so due to expiry related issues things aggrevate.
- 18500 PE had the highest open interest and as soon as this was taken out there was a one way fall.
- Generally the reaction of the event is given on the day of the event by the markets.
- Here it's not the case.
- U.S Markets have reacted to the Fed event yesterday.
- Still I feel yesterday it was some over reaction by our Markets.
- We should settle down and start to go higher.
- India VIX moved higher by 7% yesterday.
- Nifty might trade between 18300 to 18600 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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