- U.S Markets closed mildly Positive on Friday
- Asian Markets are all Trading higher.
- SGX Nifty is around 11760.
- Indicating a gap up of about 80+ Points.
- Bank Nifty is the star of the show Currently.
- Bank Nifty was up 1000 Points on Friday and has clearly broken out from all its Resistances.
- Bank Nifty itself is taking Nifty higher.
- Weekend another major news was announced relating to Reliance - Future group deal.
- Expecting Reliance to Trade on a Positive momentum after this.
- Only last week RBI Governor said markets will correct.
- Markets are moving higher with more momentum after that.
- Today's talk of the town is Reliance buying Future Retail.
- Second big news is the extension of Moratorium by Banks.
- Moratorium extension is Negative for Banks and vice versa.
- PSU banks are looking so strong and on a serious Bull Market.
- Look for pockets which was not performed in the recent rally.
- These are where you can make money now.
- Buy the Dip and ride the Trend.
- Nifty might trade between 11660 to 11820 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
Comments