1. U.S Markets crashed yesterday.
2. Right now , U.S Futures are flat.
3. SGX Nifty is down 150 points.
4. Friday was a reversal day.
5. After touching 17800 , Nifty has reversed.
6. Reason for the crash yesterday in U.S Markets is the FED Chairman statement.
7. Jerome Powell (FED Chairman ) has said "Interest rates are likely to be higher than anticipated ".
8. This means more rate hikes are around the corner.
9. More rate hikes around the corner would reduce liquidity immensely.
10. Will only increase the Slowdown in the economy.
11. So the markets reacted out of fear.
12. Now the Markets will price in subsequent rate hikes.
13. Markets always discount 6 months forward news well in advance.
14. The range for nifty now is 17500 to 17800.
15. Markets reversed exactly from 17800 on Monday.
16. Today this big gap down opening.
17. This is a swinging market.
18. Markets moving from one boundary to another boundary.
19. These moves are also fast & furious.
20. Nifty might trade between 17500 to 17800 today.
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