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Bloodbath in the Markets (14th March 2023)

1. U.S Markets closed higher yesterday. 
2. Right now , U.S Futures are higher.
3. SGX Nifty is up 20-40 points.
4. Asian markets are mixed.
5. Yesterday was a highly unexpected day.
6. Markets did open with mild positivity yesterday. 
7. As soon as Markets opened they shot up.
8. Nifty went close to 17550.
9. Then the selling started and it was so vigorous than Nifty closed near 17150.
10. Nifty crashed 400 points from the day high.
11. This a such a huge fall.
12. Now the swing low of 17300 has also taken out.
13. Next support is only near 17000-17050 now.
14. Even if this breaks then we would be heading towards 16800.
15. India VIX shot up 21% yesterday. 
16. This shows extreme fear and panic in the markets.
17. India VIX jumping 21% in a day is a rare event.
18. Now the Volatility is at sky high.
19. Markets always give the fake move first and the real move later on.
20. Now the range for nifty has shifted to 17000 to 17300.
21. We might have a day of consolidation today after a big move day.
22. Nifty might trade between 17000 to 17300 today.
23. stockmarketadvisory.in






























































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