- US markets closed on a Flat Note Yesterday.
- Asian Markets are Trading Mostly on the Weaker side.
- SGX Nifty is down more than a Percent & Trading near 9150.
- Yesterday , During Market hours India Services PMI ( Purchasing Managers Index) came at 5.4, which is the lowest in History.
- Yes Bank Announced it's Quarterly Results Yesterday and the loss posted was more than 3500 crores.
- FII's were net sellers Yesterday & DII's were net Buyers.
- Yesterday was a high Volatile Trading day , no matter what you would have done Traded in Intraday you would have been wrong.
- Nifty & Bank Nifty made swings of more than a 100 Points for five times Yesterday on Intraday basis.
- Be Prepared for a much more Volatile Trading day today , Weekly Expiry will add to much more Volatility today.
- What to do on such days? Best Trade is to take Counter Trades near Boundaries and come out with what markets have to offer yiu.
- If you are Unable to understand the Moves which Market has to offer , better don't trade.
- It's Important you don't give back or lose money in these type of Markets when Market is not willing to offer you money.
- There will be times when you can easily make up. Just be Patient.
- Don't hold your Positions for too long and wait for the Markets to Make Trending Moves.
- Looking at the Markets & trying to read what market has to say.
- Market seems to be waiting for some Big News / Trigger to react as Markets are not finding any Momentum on any side.
- In Spite of VIX falling Contineously from past few days Volatile Moves are being Witnessed which was Unexpected.
- Nifty might find support today near the levels of 9000.
- Bank Nifty is going to be much more Volatile Today & give Wild Swings on both sides.
- Having said all this , the Primary Trend continues to be on the lower side.
- Dont short into the Market as soon as it opens.
- Market will give you an Unexpected rally and that would be the best time to sell into it.
- Yesterday as well Market gave you an Unexpected rally of 150+ points on Nifty in less than half an hour at Morning and that was the time for you to sell into the same.
- Today also you will be getting these Swings and you need to sell in these Swings.
- Selling into the Markets when already it's lower by 100+ Points doesnt favour risk & return on your side.
- Holding 8900 PE , 8800 PE , 8700 PE , 8600 PE , 8500 PE for today's Expiry.
- Sold 9500 CE , 9600 CE , 9700 CE , 9800 CE , 9900 CE.
- Nifty might trade between 9050 to 9350 today.
- Bank Nifty range cannot be given as it is a high Volatile index and offers big Swings.
- GSK ( Glaxo Smith Kline ) & Horlicks will sell more than 5% stake of HUL ( Hindustan Unilever) so FMCG Stocks might trade weaker today and Opportunities can be Explored here.
- Financials will continue to Bleed .
- Maruti has announced that it will resume it activities from coming week. Auto Sector might cheer up on a short term basis.
- It's going to be highly Volatile today just take counter Trades near Boundaries and exit with whatever market has to offer you.
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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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