- US markets closed Negative Yesterday.
- Asian Markets are Trading Flat.
- Right now, as Presidential Candidates heated debate is going on, US futures are Trading higher.
- From Past 2 Months markets have been all over the place but the mean was near 11200 on Nifty.
- Bank Nifty was one of the major Volatile Indice.
- Now Markets will be closely keeping an eye on U.S Presidential Elections.
- This is likely to be the next biggest event for the Markets.
- FII's have sold more than 1000 crores Yesterday.
- DII's supported the Markets in October expiry beginning.
- But FII's now have been selling relentlessly.
- One has to be cautious now on the long side.
- Liquidity seems to be curbing in the Primary market due to many IPO's being launched.
- IPO's have been oversubscribing more than 50X each on average so majority funds are blocked there.
- India VIX is slowly inching higher.
- I will look to build short Positions near 11300-11350 on Nifty (Positional)
- Possibilities that Reliance may hold Nifty today.
- As they have some more Investments from General Atlantic.
- Just as I type Dow Futures down 1% after the Presidential debate after they were in Green.
- So get ready for a high Volatile session today.
- Nifty might Trade between 11120-11340 today.
- stockmarketsadvisory.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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