- US markets closed 2% higher Yesterday and Dow Futures are 1% higher now.
- Asian Markets are Mixed.
- Reason is Moderna Inclusive has announced Special Antibodies Dealing with Corona Virus.
- We are in such Markets that one day some news comes and other day some other.
- SGX Nifty is Trading near 10680.
- Volatility is Back & Markets are highly Volatile now.
- Yesterday Bank Nifty collapsed 3% and Nifty fell 2%.
- Without Hedge it's almost Impossible to trade in such Markets.
- We are in a Bull Market so corrections might not last for a longer time.
- Now the view remains to be Mildly Bearish.
- Nifty is likely to come back to it's range between 10650 to 10900.
- Markets will be Volatile and give you moves on both sides.
- HDFC Bank reported that their Top level Executives have Resigned.
- That Stock is facing some pressure now.
- Wednesdays market remain Volatile and will give moves on both directions.
- Bank Nifty might recover some of its Losses today.
- Nifty might Trade between 10600-10780 today.
- Those who bought Puts Yesterday are Trapped now as it will open lower.
- Those who sold calls won't be in trouble unless Markets give a big Upside move.
- 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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