- US markets closed higher from their lows.
- Dow Futures are Trading lower now.
- Asian Market's are Trading higher.
- SGX Nifty is Trading around 12830.
- Yesterday it was a highly Volatile Expiry.
- First Market recovered from lows and went near highs of the day around 12960 then profit booking was witnessed.
- Due to expiry issues put writers got trapped and we Witnessed a big sell off.
- There are 5 working days remaining for November expiry now.
- Corrections like Yesterday are a buying Opportunity in a Rising Bull Market.
- Stimulus talks have started in U.S
- Negotiation seems to be going on.
- Indian Stimulus 2.0 was announced but it was like a "Girl Crush".
- When did it arrive , when did it get completed. Nobody knows.
- Serium Institute of India has come up with a Vaccine news and it states as follows:
- Serum Institute of India's CEO Adar Poonawalla says Oxford COVID-19 vaccine should be available for healthcare workers, elderly people by around Feb 2021 and by April for general public. It will be priced at a maximum of Rs 1,000 for two necessary doses.
- Do not carry fresh Positions over the weekend.
- Things might get up quite Volatile as major news flow is on radar.
- Due to this Asian Markets have been picking up some steam.
- Nifty might Trade between 12740-12920 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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