- U.S Markets closed 3% higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is down 50 Points and Trading near 9830 now.
- Yesterday the Markets were highly Volatile due to Indo - China border issue.
- In Market hours News Came that 3 Soldiers died.
- But Today Morning it's being Reported that almost 20 Soldiers died.
- There were many Casualties in China as well.
- I dont think this would go on further or there may be a War as both the Countries cannot afford a war.
- Already we are Fighting an invisible Enemy in the form of "Corona Virus".
- Index Heavyweights like Reliance , HDFC Twins Supported the Market Yesterday.
- Due to which we closed in a Bullish Tone.
- This isnt a Trending Market.
- This is a Swinging Market in which there are large swings on both sides with heavy Volatility.
- Sticking on to Trades for a longer timeframe might out to be very risky.
- Trading without a Hedge is calling for Trouble.
- FII's were net sellers again Yesterday.
- They are Unsual People.
- When the buy they keep buying and vice Versa.
- 9700 is a near term support on Nifty and Yesterday it didn't get Violated.
- Expect Reliance , ITC , HDFC Twins to support Nifty and Don't see major fall here.
- Trade is to buy near the Support area and play for the swing.
- Trading in these Markets is Difficult but not impossible.
- It requires Skills , Experience and Money Management.
- Yesterday I've bought Reliance 1x 1640 CE , Sold 2x1720 CE , 2x1760 CE.
- Next Resistance is near 1700 for Reliance so If Reliance Expires between 1640 to 1720 there is a return of 15% in just 6 Trading Sessions.
- Will do Adjustments to this Strategy Accordingly.
- 9700 to 10000 is the range for Nifty.
- Trade for a swing either side.
- Take Contra Bets , this Market is not Trending and won't reward Trending Trades.
- If you want Excitement then Trade in Bank Nifty.
- It's the highly Volatile index.
- Yesterday it was up 800 Points , went down 1200 Points and then Recovered.
- Better to avoid such Indexes currently.
- Nifty might Trade between 9700 to 10k
- 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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