- US markets opened 1.5% higher Yesterday but closed Marginally higher.
- Asian markets are Mixed.
- Yesterday our Markets opened with good Optimism but closed at the lowest point of the day.
- This was on the back of 500 Point fall on Monday.
- Nifty fell more than 600 Points in just 2 trading Sessions.
- Buy on Dip days Seem History & now we are turning into sell on rallies Market.
- Crude Oil Prices have risen by 25%.
- After Bitcoin , Crude Oil seems to be the Most Volatile Trading Instrument.
- FII's & DII's combined have sold more than 2000 crores Yesterday.
- As Mentioned in previous days Blog that Bank Nifty would continue to Underperform & this seems to be Continued till this Expiry.
- Bank Nifty has fallen more than 15% in just 2 Trading Sessions.
- Financials are the Weakest sector in the Current Market Environment.
- Petrol prices have been Increased by ₹8 / litre Yesterday and almost in all the States.
- I've Stopped Expecting anything Positive from this Government on the Economy front.
- If they can handle this Mess without making it Messier then it would be a great job by their Standards.
- India is not a rich country Compared to U.S and we cannot expect huge Fiscal STIMULUS package.
- There is no STIMULUS package announced by our Government even after 2 Months of Lockdown.
- U.S has Announced STIMULUS package more than thrice and has also Transferred money to every Citizens Bank Account.
- Major problem for our markets (i) Absence of Fiscal Stimulus, (ii) Banks requesting for 3 more months of moratorium & huge surge in Corona Virus Cases.
- Second Wave of Corona Virus cases seems to be on the Cards now.
- Telangana Government has already extended Lockdown till the end of May which is not a good sign.
- The Market has reversed the Trend & now in a very Weak Zone.
- The Backbone of Market ie, Financials have been losing all of their Shine.
- Rallies will come and wait Patiently to sell into them.
- Expecting the Markets to be Consolidating & Rangebound & this Expiry to end on a Negative Bias.
- Yesterday there was high Volatility Inspite of falling VIX.
- Nifty might Trade between 9050-9400.
- Bank Nifty will continue to Underperform Compared to Nifty.
- Explore Shorting Opportunities on Financial Stocks specially on the PSU Banks.
- SBI trading near 52 Weeks low, Bajaj Finance at the 52 Weeks low could be good Shorting Opportunities.
- FMCG's & Consumer Durable Companies are safe bets for going long and to hedge your short Trades.
- 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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