- U.S Markets closed 400 Points higher Yesterday but Dow Futures is Trading 0.5% lower now.
- Asian Markets are all Slightly Negative.
- SGX Nifty is down 40 Points are Trading near 10750.
- Yesterday the Markets Witnessed a big rally on the back of Support from Global Markets.
- FII's & DII's were net Buyers Yesterday.
- Markets have Rallied very Quick in very short time.
- Markets need to slow down and Consolidate a bit now.
- Expecting today to be the day of Consolidation for Nifty.
- LargeCap Heavyweights Performed extremely well Yesterday.
- Reliance was Suggested as a Long Term Recommendation rallied more than 3%.
- HDFC Bank on the back of Good Numbers was up 3% Yesterday.
- Trend Still remains Bullish and it is Still a Buy on dip Market.
- Markets pause after big rallies but that doesn't mean Trend has changed.
- Bank Nifty failed to cross 22400-22500 Yesterday.
- Due to which Nifty was Unable to Sustain above 10800 Yesterday.
- This might take some time to happen.
- Today Markets might trade within a flat range of 100-120 Points on Nifty.
- I have Squared up all my Put Options sell Positions Yesterday as Premiums are already down by 60-70% while still 3 days left for Expiry.
- Will be waiting for dips to sell Put Options.
- Nifty might Trade between 10700-10800 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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