- US markets were Consolidating.
- Asian Markets are Positive.
- SGX Nifty is up 70 points.
- Markets broke out of 11300 Yesterday but due to Postponement again in Supreme Court Verdict profit booking came.
- Today again we are going to open above 11300.
- Bank Nifty is going to open above 22k.
- What's more important is follow through.
- Once we get follow through above these levels the target for Nifty is 11500.
- Im selling Put Options Aggressively.
- Every dip is a buying Opportunity.
- This is a Bull Market rally which is confusing many people.
- But sometimes the best way is to not to think much and follow markets.
- Markets will give us a sign when they start reversing.
- Until then it's better to stay with the Trend and follow it.
- Titan results were not upto Street Expectations and were poor.
- Axis Bank and ICICI Bank have done QIP and raised money.
- Whether markets take it as positive or Negative is to be seen today.
- Supreme Court Verdict is likely to become a Non Event now after so much delay and Postponement.
- Markets will trade according to Global Markets now.
- FII's were net Buyers Yesterday and DII's were net sellers.
- Nifty might trade between 11240 to 11400.
- 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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