- Dow fell around 800 Point's Yesterday.
- Dow future are up 1% now.
- So SGX Nifty was recovered a bit from lows.
- Now trading near 11700.
- Today is the Monthly Expiry.
- So it's expected to be quite a Volatile trading session.
- U.S VIX has crossed 40 , India VIX is likely to cross 30 this depicts the Volatility we have to face.
- 12000 seems to be quite a big Resistance now and according to me it won't be crossed so early.
- Trade remains to sell on Rallies.
- Sell off's are quite sharp and violent.
- FII's have turned net sellers and sold quite a big amount Yesterday.
- DII's are constantly booking profits at higher levels.
- World markets are worried about the 2nd wave of Corona virus.
- There has been no development in Vaccine now.
- Stimulus cancelled until U.S Elections.
- All bad news are striking markets door now.
- Traders need to be highly cautious now.
- Specially option writers need to very cautious.
- Whatever it is , settle your Positions Intraday
- As the gap ups and gap downs may be quite large in risking VIX Environment.
- Nifty might trade between 11580-11820.
- First hour in very critical today.
- If we break Yesterday's low there will be huge sell off again.
- If we don't , thennwe may expect a Consolidation and trading based on global markets.
- 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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