1. U.S Markets crashed yesterday.
2. Right now , U.S Futures are trading higher.
3. Asian markets are lower.
4. SGX Nifty is down 100 points.
5. There was a huge selling pressure across Indian Markets as well as Global markets.
6. From last 3 days , markets have been making lower lows.
7. Last 3 trading sessions , we have been making new lows in the market.
8. Today we are likely to open at a major support level.
9. 17750 is a major support and we are likely to open there.
10. Our Markets are already very weak from last 3 days.
11. Then this Global fall will cause further fall.
12. U.S Markets crashed yesterday because of rising interest rates.
13. We will be having FED meeting today.
14. According to my understanding, a 25 basis point hike is factored in
based on yesterday's fall.
15. If FED goes for 50 basis point hike then we might have further fall.
16. Else, we are likely to stabilize from here.
17. Huge gap downs are opportunities to go long near support levels.
18. Shorting after a huge gap down doesn't favour risk reward wise.
19. Yesterday just 3 sectors closed positive.
20. This indicates the broader market is in a pathetic state.
21. Nifty might trade between 17650 to 17950 today.
22. stockmarketadvisory.in
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