- US markets closed Negative Yesterday after Trading Positively for the first half.
- Asian Markets are all Trading Negative.
- This is due to the News released by WHO, that Gilead drug has failed for the Corona Virus Trial.
- Just a few days back all the World markets were up as Gilead claimed that its drug Remdesivir can be used to cure Corona Virus infection.
- SGX Nifty is now -1.5% & Trading below 9180.
- Yesterday as well , Nifty failed to break 9350.
- Now Nifty has failed on 4 Occasions to break the Stiff Resistance of 9350.
- Volatile moves continue to be Witnessed between 8800 and 9350 for Nifty.
- Franklin India has wound up 6 Debt Schemes due to Illiquidity in the Bond Market.
- Most Investors feel Debt Funds are a better alternative to Fixed Deposits & infact Debt Funds offer high return.
- Debt Funds are highly risky as one needs to carefully Analyse which Bonds has the Debt Scheme Invested into.
- Debt Funds are less risky as Compared to Equity is a Myth & it has been busted today.
- Debt issue began in 2018 when Blackrock sold DHFL bonds. Then started Idea Bonds.
- This Debt Fund issue of Franklin could have an Estimated impact of more than 28000 crore.
- Talks for Economic Package are still going on but as far as I am concerned I don't expect anything Extraordinary from the Government on the Economy front.
- As all the Resources , Funds etc have been used up in the Health Sector to Tackle Corona Virus.
- Markets do not Seem to be coming out of this Range of 8800 & 9350.
- Best Trade remains to be Patient , let the Market come in your Zone & Trade near the Boundaries.
- Do not carry any Positions home over the Weekend.
- There remains a lot of room to surprise you over the Weekend and its impact can be Witnessed on Monday.
- Asset Management Companies could be under Pressure today those who have high Debt Exposures. Can Explore Shorting Opportunities on this Front.
- When you have both the Fundamentals & Technicals in Support of you. Then the chances to fail are less likely.
- Nifty might Trade between 9000 & 9350.
- Bank Nifty might Trade between 19200 to 20500.
- 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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