- US markets closed about 2% higher Yesterday.
- Asian markets are also Trading higher.
- SGX Nifty is almost flat.
- Markets have witnessed a fantastic rally in past few sessions.
- Now we are very close to all time highs.
- Nifty is just 2% away from all time highs whereas Bank Nifty around 20-22%.
- No matter whatever happening in U.S our Markets are rallying.
- It seems like we have decided not to go lower.
- Once there is a clarity and a possible announcement of Stimulus, we have every chance of hitting all time high in this series.
- Yesterday India VIX crashed about 9%.
- But US VIX crashed One thirds in last 2 trading sessions.
- India VIX below 30 is a good sign for option sellers.
- FIIs have started buying whereas DII's continue to sell.
- Biden has a big advantage over Trump now.
- Trump has approached the Court but it doesn't seem to be working yet.
- This is a buy on dip Market now.
- We have closed decisively above 12k.
- Every dip needs to be bought into.
- Nifty might Trade between 12040-12220.
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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