- US markets closed higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is Trading near 10700.
- In July series, Markets are Trading within range.
- Yesterday last hour Markets Witnessed huge profit booking.
- This is not Trend Reversal and just normal profit booking.
- Nothing to be worried and say crash is Approaching etc.
- FII's & DII's were net sellers Yesterday.
- I sold 10600 Put Yesterday Weekly Expiry when Nifty fell below 10700.
- Yesterday until 2.30 Bank Nifty was holding Nifty and was on a roll.
- Bank Nifty Couldn't Sustain above 23000 and Eventually collapsed from the high.
- Eventually leading to big sell off in Nifty.
- Bank Nifty range would be between 22200 & 22900 for this Expiry.
- Nifty might trade between 10650 & 10820 today.
- Flat Markets expected today.
- Do not expect any Big Moves on Nifty.
- Bank Nifty is a high Volatile index , exited all the Positions in Bank Nifty Yesterday with good profits.
- Trade for today is to by on dips closer to 10650-10620 on Nifty & sell near 10800.
- Do not trade in Weekly Expiry Options of Today , Trade in Next week Expiry options.
- Theta decay will be less.
- 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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