- US markets were closed Yesterday.
- But U.S Markets are Trading lower now.
- Asian markets are mixed.
- SGX Nifty is up by 30 Points.
- Yesterday Market was highly Volatile.
- From 12800 the Market show up to 13k in 2nd half.
- November was an Excellent bull run.
- Expecting December to be sideways / Consolidating at least for the first week.
- December is a long month with 5 weekly expiry.
- Yesterday FII's started buying again.
- They've bought for 2000+ crores.
- Today Evening GDP data is an important Data which would be out.
- This is an Important Data to note.
- This FII buying & Bullishness cannot go on forever.
- Time to be a bit cautious now.
- Nifty might Trade between 12920-13100 today.
- stockmarketadvisory.in
- Question of the day by MRS. Shweta
- What is a Trading Plan & how to prepare one?
- A Trading plan should consist of all the Important factors , notes and key levels to note.
- Important news like which company is coming up results , any major event lined up etc which needs to be watched should be noted in the Trading Plan.
- Analysis should be done before Market and in the Market you just need Execution.
- When Market opens and by watching Price action our Gut feeling takes over which is Disastrous for Trading . If u have a fixed entry point before Market opens you just have to wait for Market coming in your zone rather than just chasing the same.
- Also after the Market hours it's Important to review the same. Did my Analysis go wrong , what are the mistakes made today , what did I learn from today's Market etc.
- I've been doing this from around 8 years and still I do the same everyday.
- Where learning Stops , life ends.
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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