- US markets closed Positive on Friday.
- Asian Markets are Trading Positive.
- SGX Nifty now near 11800.
- Stimulus talks have been set aside now by the U.S Govt.
- Trump seems to be waiting for the right time to announce the Stimulus.
- Just as Narendra Modi did surgical strike just before elections and made majority in his Favour.
- Trump seems to be making stimulus as his weapon for Elections.
- There will be heavy Volatility going forward.
- Many factors will contribute to the Volatility.
- Firstly the U.S Elections.
- Secondly Corona Virus second wave.
- Next the Corporate Results season has just begun.
- HDFC Bank is coming out with its results today.
- This will decide the Trajectory of Bank Nifty today.
- Bank Nifty has about 25% weightage in Nifty.
- So all together all factors seem that it's going to be another Volatile trading session today.
- After the results of all the IT stocks , all have witnessed severe profit booking as all the IT stocks have almost doubled in last 3 Months.
- Financial Stocks were a laggard in this rally.
- So if HDFC bank comes up with good results we can expect a big move on that front.
- Primary trend is Upwards.
- Intraday Volatility and dips will be there.
- It's a buy on dips market as of now.
- Nifty might trade between 11720-11880
- 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