- US markets closed lower Yesterday.
- Yesterday when our Markets were Trading , U.S Futures were down more than a percent.
- Yesterdays closing in U.S was somewhat better.
- The reason why we fell so much Yesterday was some expiry related issues.
- All the Put writers were trapped as its the expiry.
- Which leads to a big crash.
- So expiry days if major levels get taken out one should expect big Moves.
- Asian Markets have recovered some of their losses.
- SGX Nifty is Trading near 11750.
- Volatility will be quite high until the U.S Elections.
- One should always hedge postions.
- Without hedge and without Stoploss it can create disaster.
- I know many Put writers who lost 30-35% of the Capital due to Stubborn attitude.
- Also Big sharp falls like Yesterday in Bull Markets is a great Opportunity to enter into.
- In Bull Market , Bears Generally have only 1 day to enjoy.
- Bulls come back swiftly and roaring.
- Last Expiry too (September End) Nifty crashed but then went up 1000 Points.
- Nifty might Trade between 11680-11840 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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