- US markets closed Slightly Positive
- U.S Markets have been Trading at life time highs now.
- Asian markets are in Green.
- SGX Nifty is up by 50 points.
- From Fridays Reversal we are up more than 300 Points.
- Buy the Dip, Buy the Dip is what I have been recommending.
- Currently we are Trading at fresh Intermediate highs.
- Nifty is just 8-10% away from all time highs.
- Bank Nifty is way below.
- Catch up rally in Bank Nifty is Expected.
- Yesterday Bank Nifty Outperformed Nifty.
- 11350 was a big Resistance for our Markets we have closed above it Yesterday.
- FII's have bought more than 1000 Crores Yesterday.
- DII's have been saying Crash Will happen , Crash will happen.
- Nifty will go to 6000 -5000 and they are the one's missing out.
- Short Sellers will add as fuel to this Markets now.
- Mentioned this to paid Members.
- Now we are in an OPEN SKY.
- Open Sky means Markets can go anywhere from here.
- I won't be Surprised if we get a 150-200 point rally on Nifty this Expiry.
- Bank Nifty 800-1000 Points rally is Possible..
- AGR Case is being heard today.
- So if this goes out well we may rally Further.
- Stoplosses for Bullish Positions should be 11350.
- If we close below this level then exit your. Buy positions (Intraday)
- Nifty might Trade between 11340-11500 today.
- 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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