- US markets closed on a Positive Note Yesterday.
- Asian markets are also Trading Positive.
- SGX Nifty is trading near 9300.
- Expected a highly Volatile Market Yesterday.
- Market performed exactly opposite , were calm & silent Throughout the day with some Big swings in between.
- Nifty Traded in a range of just 80-100 points throughout the day Yesterday.
- One of the Weakest Expiry ever witnessed. Buy & Hold option Buyers were trapped Yesterday.
- This is According to the Poll done Yesterday on my Instagram Page.
- Nifty has been Trading in a range of 9100 to 9450.
- Within this Range Market is highly Volatile.
- FII & DII combined bought shares more than 23000 crores Yesterday.
- GSK sold ₹25000crore worth of HUL shares.
- GSK is not a FII, its investment comes under FDI. ( Foreign Direct Investment)
- So effectively FIIs and DIIs have sold shares worth ₹2000 crores yesterday.
- Expecting this Range to continue for coming weeks now.
- Expecting the Broader range to be between 9000 to 9500 on Nifty.
- Markets will keep Consolidating within this Range and will be witnessing Sideways moves.
- FMCG sector has fallen Contineously for some days now due to HUL news.
- Good Opportunity for Long term Investors to start exploring Opportunities in FMCG Sector.
- India VIX is trading below 40 now.
- Expecting Nifty to trade between 9200 to 9420 today.
- ICICI Bank Results are likely to be Announced Tomorrow.
- Reliance Industries along with Auto Sector should keep holding Nifty .
- So I am not Expecting much of a fall from here on unless any fresh news comes in.
- Do not carry any Positions over the Weekend. Last Week on Monday Nifty opened 500 Points gap down.
- Nobody knows what news might come in and its impact on the Markets.
- Everybody is waiting for a STIMULUS package from Government. Maybe this Optimism is not letting Markets fall by much.
- Best Trade on Index Remains to trade near the Boundaries & wait Patiently for a Breakout / Breakdown.
- Expecting this Expiry to be Rangebound as well. Markets are likely to Consolidate within a Range.
- 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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