- US markets closed flat , the same has been going on from quite a long time now.
- Asian Markets are Mindly Positive.
- SGX Nifty is Trading around 11340.
- August upto now seems to be a Month for Consolidation.
- Markets have been Consolidating since last 2 weeks.
- Nifty has been Trading within 300 Point Range.
- With AGR news Postponed there is no major event for Markets.
- Nifty & Bank Nifty is Consolidating but Midcaps are Outperforming.
- Midcaps are in a Bull Market of their own.
- Investors should be very Careful here.
- As Good Quality Stocks are not Performing now from some time ,investors make the mistake of loading up the Portfolio with Junk Midcap Stocks.
- When Markets fall these stocks will fall rapidly while Quality Stocks won't fall much.
- So Investors should always stick to Quality stocks.
- Bank Nifty is showing some strength but all rallies are being sold into there.
- From few weeks Nifty is opening gap up and selling off during the day.
- This seems to be picture.
- FII's were net Buyers Yesterday and DII's were net sellers.
- Expecting this Consolidation to continue for today also.
- Nifty might Trade between 11280-11440 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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