- U.S Markets were up 1.4% Yesterday.
- Global Markets are touching fresh highs almost on daily basis.
- Asian Markets are Positive.
- SGX Nifty is Trading near 11500.
- Yesterday I mentioned that my view was Bearish but it went wrong.
- Nifty however took Resistance near 11500 but it's a matter of time till it breaks out.
- I have changed my view to Bullish during the day Yesterday.
- A Trader should know when to change views and not be stubborn to keep Trading based on the same old Practice.
- Bank Nifty is carrying Nifty & Building Strength in the Markets.
- FII's were Net Buyers Yesterday & DII's were Net Sellers.
- Everybody is wondering what's taking this market higher.
- Economy not doing well , Businesses not Performing well due to Lockdown.
- So why are Markets going higher.
- I have answered this in my Q&A Session done this weekend.
- Reason is Interest Rates which is leading to big Liquidity in Stock Markets.
- Bank Interest rates have been lowered.
- Fixed Deposit interest rates are less than 4% in India.
- In U.S there is Zero percent interest rate for Savings and Fixed Deposit.
- Gold is at life time high.
- Month of March heavy money went into Gold.
- Now there Profit Booking started and money is flowing into Equities.
- Retail Participants those who missed Nifty near 7500 a FOMO ( Fear of Missing Out) has been creaping in.
- So fresh money is also getting added into Markets.
- This seems like a Xerox Copy of the year 2017.
- In 2017 Midcaps and Smallcaps gave a return of more than 50%.
- Nifty return was 30% and a huge Euphoria was created.
- Then we Witnessed Bear Markets for 2-3 Years.
- We are exactly going through Bull Phase now and it will last longer than you think.
- Once 11500 breaks the target is 11600 on Nifty.
- Sometimes rather than Overthinking it's just better to go with the Market.
- Nifty might Trade between 11420 to 11580 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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