- US markets closed a percent higher on Friday and recovered a bit of loss.
- Asian Markets are mostly flat with a Negative Bias.
- SGX Nifty is down 85 Points and Trading near 9825.
- Thursday Evening U.S Markets fell 7%.
- Nifty opened at 9550 but closed at the highest point of the day.
- Fantastic recovery and rally by our Markets in Spite of huge gap down open.
- This Shows there is Strength in the Markets.
- There is no panic selling as we Witnessed in the Month of March.
- Reliance has bagged another Investing for it's Jio Venture.
- Reliance remains a Long Term Recommendation and a must have stock in your Portfolio.
- AGR Telecom Case was Scheduled the Previous Thursday but there wasnt any verdict given ie , 11th June 2020.
- The Case Verdict is now Postponed to 18th June 2020 and is an Important event for our Markets.
- After Witnessing Big Rallies on Friday I expect our Markets to go for Consolidation.
- The Range would be from 9700 to 10100 on Nifty.
- Nifty might Consolidate in this range for few days now.
- FII's were net Sellers on Friday but DII's were net Buyers.
- Yes Corona Virus are increasing daily.
- There is a concern but for every Negative news markets won't fall.
- Markets have already factored in all that thats why Nifty is now Trading near 10,000 or else it would have been near 13000 by now.
- Markets are following Global Cues now.
- Next Big Global Event would be U.S Elections.
- Market is on a buy on dip mode and Trade remains to Accumulate Long Positions on each major dip.
- Shorting the Market after a Good Gap down opening or Chasing the Market after a good upwards opening is not the right way.
- Look to buy into gap down openings & wait for Market to oblige.
- Nifty Might Trade between 9800 to 10000.
- 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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