- US markets closed higher Yesterday.
- Asian Markets are all Trading mildly Positive.
- Stimulus talks are going on in U.S
- SGX Nifty is Trading around 11930.
- Yesterday another news that PM Modi is going to address the Nation.
- It was just related to Precautionary measures and nothing much.
- So that is a Non - Event for the Markets.
- Nifty is very close to 12000.
- This is a make or break level for Nifty.
- If we decisively cross this level then we can expect further Momentum and steam in the Markets.
- This will be the 2nd time where Nifty is trying to cross 12000.
- Yesterday Reliance came up with 5G news Announcement.
- This might trigger a Positive sentiment in Reliance.
- Reliance being the highest Weightage component in Nifty.
- If it gives a big move then it will definitely carry Nifty with itself.
- FII's have started buying.
- So every Possibility that Nifty may give a breakout above 12k.
- HUL came up with good results Yesterday so that might trigger a good rally in FMCG Stocks.
- Nifty might Trade between 11880-12060.
- 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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