- U.S Markets closed lower on Friday.
- Asian markets are mostly lower.
- Dow futures are slightly higher right now.
- It was a Quadruple witching day in U.S
- This is the day where the Stock futures , Index futures , Option Contracts etc expire on the same day.
- This happens for 4 times in an Year.
- On this day markets are extremely volatile.
- Markets have now turned Bearish.
- There has been some news going on regarding Russia - Ukraine war as well.
- Missile explosions have aggrevated as well.
- Insiders knew about this news on Thursday itself.
- They started to sell.
- We came to know about this on Friday afternoon.
- Markets have closed at the lowest point of the day on Friday.
- Also it was the lowest point of December month.
- This indicates the trend has turned bearish.
- 18200 is the immediate support for now.
- Once 18200 is taken out the next support is at 18000 only.
- Nifty might trade between 18120 to 18420 today.
- A bigger range for the day as Markets have turned Volatile.
- 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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