- US markets closed slightly higher. MOSTLY FLAT ONLY.
- Asian Markets are all Flat.
- SGX Nifty is also Flat.
- Nifty has been Trading Violently between 11650 to 12000.
- We were not able to break and Sustain above 12k.
- U.S are playing with Stimulus now.
- There is no confirmed news just Rumours floating around.
- Meanwhile theres also a news floating around of 2nd stimulus from Indian Govt.
- Remember , last time market Crashed when Govt Announced Stimulus.
- Hope they don't come up with something similar or we may witness another crash.
- So lots of news coming up without confirmation.
- DII's have been selling Aggressively now.
- FII's have been buying but DII's selling figure is over powering the FII buying.
- Seeing all this we can expect Consolidation only.
- We need some trigger to cross 12k decisively.
- Right now I do not see any sector having leadership to make Nifty cross 12k.
- So Trade within this range.
- Range is 11650 to 12000.
- So buy near lower end of the range , sell near upper end of the Range.
- Nifty Might Trade between 11780-11980.
- 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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