- U.S Markets closed 1% lower Yesterday & Asian Markets & Mixed.
- Heavy News Flow lined up for Today Morning.
- RBI Governer , MR. Shashikanta Das to address the Media today at 10 AM.
- Dow Futures are now Trading 800 Points higher.
- Reports Suggest that Gilead Drug is showing Effectiveness against Corona Virus about its Drug Remdesivir.
- Trump Announces Guidelines to Re - open the U.S Economy.
- SGX Nifty up 300 points as of now ie, 8.35 AM IST.
- Traders should be vary of such heavy News flow & it's Implications on the Stock Market.
- This week was Excellent for Option Writing as VIX moved Lower.
- Today could be a highly Volatile Trading day Considering such heavy News flow.
- Nifty facing a Resistance near Zones of 9300 & if it crosses this level the next Resistance level is closer to 9500.
- For me Personally it seems like a no trading day as of now Considering such heavy News flow and when there is Analysis Doesn't work
- Market just responds and moves according to the news flow.
- Carrying Positions over Weekend is foolish Considering new reports coming almost on a daily basis.
- Do not Gamble just by carrying Positions & being Biased.
- Currently we are in a Rangebound Market and the larger range is about 8800-9300.
- One needs to be patient & wait to trade near the Boundaries.
- I would Personally not be trading today and Analysing all the news flow , it's Implications over the Weekend to be ready the next week.
- However , if anything comes up on my Screen then I may trade in second half of Today's Trading Session.
- If Nifty is Unable to breach 9300 and if theres not much Positive news from RBI Governer then we might see a reversal from those zones.
- First half of the Trading Session is key today and one needs to Patiently wait & Understand how the Market is responding.
- If there are any Trending Moves / Reversals then Intraday Trading Opportunity might emerge in 2nd half of Today's Trading Session.
- The Primary Aim should be Protecting your Capital in a Volatile Environment
- Making Money should be Secondary.
- When not to Trade is as Important as Knowing When to enter & When to Exit.
- IT Stocks look Weak after Companies posted Disappointing results and Shorting Opportunities could be Explored on that front.
- Consult your Financial Advisor & Trade on your own risk.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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