- US markets closed more than a percent lower Yesterday.
- Asian Markets are Mindly Negative.
- SGX Nifty is Trading near 11150.
- Technology stocks led the Decline in U.S.
- Talk of the Town is Amazon is looking to invest 9.99% in Jio Retail.
- After Jio has bagged so many Investments now Retail counter not holding back.
- Reliance could single Handedly control Nifty downfall.
- Last 4 weeks there was a pattern.
- Nifty went up on Friday , Monday , Tuesday.
- Corrected a bit on Wednesday and again rocketed back on Thursday.
- This was going on from last 4 weeks with Volatility bring reduced.
- Coming to this week I am Expecting a very Volatile Expiry.
- Remember Weekly expiries are less Volatile Compared to Monthly Expiry.
- Monthly Expiry there is big Participation and rollovers in F&O lead to big movements.
- Im Observing this from last 3 Months Expiry and all Expiry have been Highly Volatile.
- Those who made money in July should now focus on Protecting what you have made.
- Protecting profits is very important & if you Cannot do that then Volatility can easily take back most of it.
- A Trader should know when to trade like Rahul Dravid & when to Trade like Virender Sehwag.
- All the 4 weeks we have Traded like Virender Sehwag now it's the Tricky situation in the Match so not throwing our wicket is important ( ie , Protecting profits is important).
- Now it's the time to Trade like Rahul Dravid which is very defensive & not take big Positions.
- Expecting a bit of correction in our Markets.
- Reliance might hold up Nifty but Bank Nifty will be weak compared to Nifty.
- In July we are up more than 1000 Points on Nifty , so now is to take some caution.
- As one Negative news or event Markets can fall swiftly.
- Do not carry any Positions over the Weekend.
- There are Many events lined up in U.S Markets.
- ITC is going to Declare its results today so that is an Important event to watch out for.
- Nifty might Trade between 11060-10240 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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