- U.S markets were down a percent Yesterday.
- U.S Markets broke the Streak of continue 6 days gain Yesterday.
- Asian Markets are mostly Negative.
- SGX Nifty is up 20 Points & Trading near 10100.
- Indian Markets are Trading very Volatile from last few days.
- VIX up more than 30 & generally when this happens we witness Volatile moves.
- Yesterday both longs and shorts made money if they bought at proper levels.
- Markets after gapping up & Rallying could not break 10300 & started to crash.
- The Range is 10000 to 10300 but between this Range it's highly Volatile.
- Reliance fell from 1620 to 1540 in 2 days which also Couldn't Stablilise the Markets.
- We are in a sort of Correction phase.
- Nifty correcting 200-300 Points from here is probable.
- One needs to be sitting on their Toes to trade in such Markets as Volatility is massive.
- You can either take Volatility as your Advantage or either it can wipe you out.
- Markets are awaiting for FOMC ( Federal Open Market Committee) meeting outcome in U.S
- Trump is the biggest Trader of the World😀 so he wouldnt like to do anything which is against Market liking.
- Trade remains the same for today as we were trading Yesterday.
- Just that today's range has been extended
- Range is from 10k to 10300 on Nifty.
- Take contra Trades nearer to the Boundaries.
- Bank Nifty range is 21500 to 20000.
- Option Premiums are very high due to rising VIX so option Buyers should be careful.
- Usually after a huge rally of 1200 Points Markets Consolidate trade Volatile and start a fresh move.
- This move either could be downwards or upwards.
- If Nifty breaks 10000 I would become Bearish.
- If Nifty Crosses 10300 I would become Bullish.
- Those who cannot handle such Volatility and are not skilled to trade in this range can wait for Breakout / Breakdown.
- Nifty is likely to trade between 10000 to 10200.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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