- U.S Markets closed 3% lower Yesterday.
- Asian Markets are all in Red.
- Florida reported huge increase in Corona Virus Cases and also decrease in World Growth rate.
- SGX Nifty is trading below 10200.
- Yesterday Luckily I havent sold out options but was sitting at Big MTM loss.
- Covered some by selling Call Options.
- Today Markets opening at gap down so it will be a tough day to manage.
- Expecting our Markets not to Underperform in line with Global Markets.
- ICICI Bank is planning to raise 3 Billion Dollars.
- It was down 7% Yesterday because of this and dragged our Markets lower.
- Bank Nifty highly Underperformed Yesterday and the reason is ICICI Bank.
- Markets were highly Volatile Yesterday & fell 200 points in less than 2 hours.
- Today also Expecting Markets to be very Volatile.
- I dont expect Markets to be very Bearish like Yesterday.
- But nobody knows what's going to happen.
- If U.S futures support markets then we can expect major recovery.
- This Expiry is going to be very Interesting.
- Nifty May trade between 10100 to 10320.
- Bank Nifty is very Volatile and Range cannot be decided.
- Expecting Expiry to be between 10200 to 10400 for Nifty.
- I may be wrong as well so please consult your Financial Advisor and Trade on your own risk.
- 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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