- US markets closed mixed Yesterday.
- But due to 2nd wave of Corona Virus spreading faster than expected.
- Markets are under pressure.
- Global Markets seem to have started into the phase of Correction.
- Asia is stronger compared to Global Markets as 2nd wave hasn't been hit.
- Until when will this last , only time will say.
- Markets are still trading in this tight range of 300 Points.
- 2 days left for monthly expiry.
- Will we get a breakout or breakdown?
- Or we will just Consolidate.
- Chances of Consolidation are quite high.
- Now a sector which could rise in the generic medicine sector.
- All the Companies who do Testing , provide energy drinks etc might be the next theme to catch.
- Pharma ,IT have already performed well and chasing these stocks wouldn't lead to anything great.
- One has to identify new themes to make big money.
- FII's have been buying whereas DII's have been selling.
- October series is nearing its end.
- Next 2 days will be crutial for the Markets.
- Markets could be highly Volatile in next 2 days.
- India VIX continues to rise.
- Nifty might Trade between 11780-12000.
- 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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