- U.S Markets closed lower Yesterday.
- Asian Markets are Majorly Flat.
- Due to Good results by Amazon overnight Nasdaq is up 2%
- This took SGX Nifty higher by 30-40 points overnight.
- Yesterday our Markets Witnessed big selling.
- Monthly Expiry are very Volatile.
- Yesterday it was no less.
- August Month will be very Volatile and my expectation is it will belong to the Bears.
- Markets have Rallied a lot in July and now they Seem to be heading near the top.
- Fall may not happen so early but it is bound to happen.
- Reliance came up not so good results.
- Street Expectations were very low but results were good Compared to the Expectations.
- Time to be cautioned on the upper side.
- 11300 seems to be very Difficult to be broken away anytime soon.
- 11000 is a strong support .
- HDFC ltd also posted bad results Yesterday which aggreviated the selling.
- Markets moving Violently within this Range.
- Good risk reward lies in taking contra Trades nearer to the Boundaries.
- Nifty might trade between 11060-11200 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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