- U.S Markets were closed Yesterday.
- Other Markets which were open , closed Positive.
- SGX Nifty is trading 100 Points higher near 9130.
- On Friday , RBI Announced a Surprise Rate Cut out of Nowhere.
- Moratorium Period for Loans has been Increased from 3 Months to 6 Months.
- Banking stocks fell Sharply after this news broke out.
- It is a big setback on the Financial Sector because they have to pay interest on the deposits they have but cannot ask for interest on Loans.
- Financial Sector have 35% weightage in Nifty.
- There seems to be more pain for the Financial sector in the coming quarter which will indirectly impact Nifty.
- Financial Stocks should be avoided as of now as most of the Companies Stocks can crash by 70-80%.
- FII's & DII's were net Sellers on Friday.
- We are in a "Sell on Rallies" market currently & all the Gap ups should be sold into.
- HDFC ltd also came up with it's Quarterly Results and they were below par.
- The Range for Nifty is 8800 to 9200.
- Expect Markets to trade within this Range for couple of days more.
- If 9200 gets Crosses then we might Witness 9300.
- If 8800 gets taken out on the Downside then chances of 8600 open up.
- Trade for today is to sell on rallies closer to 9150-9200.
- Bank Nifty should be sold into closer to 18100-18300.
- Financial Stocks should be sold into on any Bounce being Witnessed.
- Pharma Sector is a Complete avoid.
- WHO ( World Health Organisation ) has banned the Trial of Hydroxychloroquine.
- Nifty might trade between 9000-9200.
- Only 3 day Expiry so do not carry options .
- Trade only Intraday as Tatha decay is much faster in a small Expiry.
- 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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