- US markets closed Slightly Negative Yesterday.
- Down Futures are now down more than 150 Points.
- Asian Markets are all Negative
- SGX Nifty down 140 Points.
- Reason is U.S Fed take on the Markets.
- U.S Fed Minutes Triggered selling.
- U.S Fed presented a Cautious to negative stance on the Economy , which is triggering sell off.
- AGR case hearing at 2 pm today.
- These 2 events leading to sell off.
- As we are at intermediate highs it is making bigger.
- FII's were net Buyers Yesterday whereas DII's were net sellers.
- Apple becomes the first company to cross 2 Trillion $ market cap.
- Today looks to be a very Volatile Expiry.
- Many news flow coming and most of it are on Negative side.
- Usually a big move is there on Expiry days.
- And this time it would be Interesting to see where it comes by.
- View has become Negative for short term.
- Nifty might Trade between 11140-11340 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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