- US markets were up 4% on the Back of Excellent Job Data.
- Previous Month Job Data showed 8 Million Jobs lost but this Month the data came Positive.
- However there is some debate that Numbers were Incorrect and 5 Million Numbers was reported wrongly.
- How U.S Futures react to this news is going to be Interesting.
- Asian markets are mostly Trading higher.
- SGX Nifty is higher and trading around 10240.
- Friday , Nifty Tried to break 10200 quite a few times but could not.
- 10200 is an Important level on Nifty because on the Nifty when lower circuit was Witnessed on Nifty and markets recovered , 10200 was the high on Nifty for that day.
- On Thursday the Supreme Court News Came that they are considering to allow Loan waiver for Businesses.
- Bank Nifty fell 500 Points on this news but on Friday Bank Nifty recovered 800 Points.
- This shows that the Momentum towards Upside and dips are being bought in the Market.
- Reliance has bagged Fresh Investments of more than 10,000 Crores again this weekend.
- It has now gathered funds more than 1 lakh crore when whole world was in Lockdown.
- Reliance hit a Fresh 52 week high on Friday.
- A new Bull Market is likely to begin for our Markets & Reliance is going to the leader of Upcoming Bull Market.
- I won't be Surprised if Reliance goes to 2300-2400 in next 1 Year.
- SBI Results were not that Impressive but Stock closed 8% higher as Markets were Expecting high Negative news.
- Due to Short Covering stock Rallied more.
- If Nifty Sustains above 10200 then the next Target for Nifty would be 10350.
- If Nifty goes back into the Range of 10000 to 10200 then we might keep being Rangebound.
- FII's & DII's were net Buyers on Friday.
- Midcaps & Small Caps Bull Market is also Beginning.
- Make sure you Invest in good Quality Stocks.
- This Continues to remain a Strong "BUY ON DIP" market.
- Titan & Bajaj Auto are likely to Announce their results this week.
- Management commentary would be Interesting to watch out for.
- Bank Nifty is looking much Stronger Compared to Nifty on the back of SBI Results.
- Nifty Might Trade between 10150-10350 today.
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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