- S&P 500 Crossed it's Intermediate highs of this Year.
- U.S Markets ended in Green.
- Asian Markets are all Trading higher.
- SGX Nifty is Trading near 11100.
- Today also we are likely to have a 100+ Points gap up.
- HDFC Bank ADR is up 8% in U.S Market.
- Yesterday i mentioned I won't be Surprised if we see a 400-500 point move on Nifty this week itself on the higher side.
- We got 100 Points Yesterday and there are 3 days to go.
- The Secret of Profitable Trading is to ride big profits.
- Intraday Traders miss this big ups which market has to offer.
- They look to find new exits Everyday.
- Just take the right trade and stick on to it.
- I have sold 10900 , 10850,10800,10750,10700 PE on Nifty weekly Expiry .
- Sold Bank Nifty 22000,21500 & 21000 PE Yesterday.
- Not going to touch these Positions till Expiry.
- Reducing Intraday Leverage by SEBI is a good move as it will reduce Intraday Volatility which will Automatically benefit Hedge Traders.
- It might have a Negative effect on some broking stocks today.
- Hedge Traders either want a clear Trend as we have now on the higher side or want a silent market.
- Hedge Traders do not like Big reversals which happened last week.
- Be Smart take Long Positions and just stick on to it.
- Many people have now started to ask where will Market top out?
- Nobody knows when will Market top out and who cares where it will top out.
- When it tops out it will show us right now just stick on to long positions till this Expiry.
- Bajaj Twins going to declare results today and this is going to be an important event today.
- Supreme court verdict on ADR has become a Non Event now.
- Trade remains simple , those who have taken long positions just stick to your Positions without any tinkering.
- Those who are yet to enter can enter on dips and stay in till this Expiry.
- Nifty might Trade between 11080-11240 today.
- 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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