- US markets trading at fresh record highs with each passing day.
- Asian markets are slightly Bullish.
- SGX Nifty is Trading near 11620.
- This has been a Phenomenal rally by the Markets.
- Nobody expected markets to recover so quick , so fast.
- August Month has also been a great Month for Bull's.
- How long will this rally sustain? Can our Markets touch fresh record highs?
- The Answer is Yes , anything is Possible.
- The rally is so strong that Bears are being taken to cleaners.
- Expecting a Month of Consolidation for September.
- These are all Probabilities , not Certainties.
- Markets can do anything out of the box.
- August Month belonged to Bank Nifty.
- Bank Nifty was underperforming for last 2 Months.
- But in August Bank Nifty Single Handedly took Nifty higher.
- It is a Buy on dip Market.
- Just follow the Trend and make money.
- Do not do anything fancy.
- Reliance has entered into Consolidation phase.
- FiI's have been buying continuously whereas DII's have been selling.
- Nifty might trade between 11520-11680 today.
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
Comments