- US markets closed higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is up by 50-60 Points.
- Today is the weekly Expiry so we may have a trending day today.
- Once Nifty crosses 11800 and Sustains above it previous high then we may witness more rally towards the end of the day.
- As conveyed Yesterday , view remains to buy on dips.
- This remains the Strategy as long as we are in uptrend.
- IT stocks are in a league of their own.
- Outperforming continuously from past 2 Months since results declaration.
- Nifty is about to complete a 1000 Points rally today from the last Monthky expiry dip.
- Bank Nifty is still Underperforming but catch up play Possible.
- The idea remains to follow the Trend , stick to it rather than Presuming too much.
- Reliance is also likely to Outperforming once it raises more Investments.
- Everything is looking fairly bullish now.
- This expiry would continue to be the same
- Usually on the expiry day the Trend continues.
- IT stocks are a buy even now.
- As these Businesses will continue to be work from home so getting high Valuations.
- Nifty might Trade between 11720-11880 today
- 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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