On Friday Indian markets were strong after a big fall on Thursday when the war started between Ukraine and Russia. Nifty closed at 16658 which is+410 points. On Friday bank nifty was also strong and closed at 36430 which is+1202 points.
On Friday US market was super strong after a downfall Thursday due to war. Dow was +834 points (+1.53%). IT index i.e. Nasdaq was also strong and closed +221 points (+1.64%).
Today’s Stock Market Update
Today morning both major US index futures are weak by -500 and -372 points respectively and hence Singapore nifty (SGX NIFTY) trading Negative by -27 points hence will be an opening gap down on Indian Markets.
Yesterday (Foreign institutional investors) FII were net Sellers and have sold 4470 crores in the cash market. On the other hand (Domestic institutional investors) DII were net Buyers and have bought 4318 crores in the cash market.
War And Stock Market
The reason is to worry in markets as the war between Russia and Ukraine gets worst. War is always the worst thing for markets. If this war continues further then there is a possibility of world war. Russia is still aggressive against Ukraine and they have asked the nuclear attacking team to be on high alert Russia can use this attack if the USA comes in between. If this happens it will get worst for markets as well.
Traders and Investors
Until and unless this problem gets solved traders should avoid trading in markets hence we have not given any support and resistance levels above. Investors should invest in every dip. Now if markets come near 15500 then an investor should invest 50% of their appetite.
The inflation will be on the highest levels if war continues as fuel prices and metal prices will rise as Russia is a major exporter of this. This inflation is a reason to worry for markets as interest rates can increase by FED and RBI.
Traders should protect their capital and should avoid trading in this kind of a market as this situation is once in a lifetime situation and hence should learn then try to earn.