- US markets Flat Yesterday.
- Asian Markets are also flat.
- Markets all over the world are showing signs of Consolidation.
- Yesterday was expiry and our markets were mostly Flat.
- We witnessed severe correction in first half and expected that this could turn out much worse.
- Bears tried their best to break 13400 Yesterday but couldn't succeed.
- Finally we witnessed big short covering in last hour.
- SGX Nifty is Trading near 13520 now.
- This is now a market which will reward those who buy on dip patiently.
- Entering on gap ups us a very risky trade as this Market is already at highs.
- Also an Interesting thing noticed Yesterday was sector rotation.
- Sector rotation has been happening and money has been shifting to FMCG stocks.
- FMCG stocks have not performed in this rally but when bear market comes there stocks start performing.
- It's time to be very selective and careful now while choosing Equities.
- Markets look like there is some steam left now on the upside.
- But it will be a slow and steady game.
- Pace at which we will witness the same will be lowered now.
- Consolidation with a slightly Bullish bias is the Expectation.
- 13400 & 13500 is the range.
- Near 13400 it's a good level to enter into.
- Until then it's better to trade Individual stocks and avoid buying Nifty at higher levels and getting trapped.
- Nifty might Trade between 13380-13540 today.
- stockmarketadvisory.in
- Question of the day by MR. Harish
- Who are FII & DII and how do they impact the Market.
- FII's are Foreign Institutional Investors. There are foreign investors who invest in our Markets. These are the people having huge funds that's why keeping a track of their activities is important to get an idea about markets.
- DII's are Domestic Institutional Investors. These are local people who trade in Indian Markets who manage or have big amounts of money.
- DII money + Retail Money = FII's Money.
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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