- US markets closed lower Yesterday.
- Stimulus has been delayed and there has been no news.
- So due to this there was some profit Booking.
- Asian markets are mostly Negative.
- SGX Nifty is Trading near 12000.
- Meanwhile , Infosys has come up with Terrific results.
- Wipro results were not that Great so we Witnessed profit booking in IT Stocks Yesterday.
- Infosys results look very good.
- Will be Noteful to see how the stock will react to the same.
- First hour is very critical for our Markets today.
- If we spend some time above 12k then possibilities of 80-100 points upward movement open up.
- 12000 CE has got the highest open interest in weekly options.
- Yesterday Market reversed significantly in last hour.
- Nifty and Bank Nifty Rallied by a percent each.
- Generally Expiry days we witness some big Moves.
- Today's movement will be Noteful to see.
- Momentum is so strong towards Upside.
- Trade remains to sell Puts once we cross 12k and Sustain.
- If we do not Sustain above 12k then ITM Straddles for today's Expiry would work.
- Nifty might Trade between 11920-12080.
- stockmarketadvisory.in
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
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