- US markets closed a Percent higher Yesterday.
- Asian Markets are all trading higher.
- SGX Nifty around 13640 now.
- Pre - Opening for SGX Nifty indicates all time high.
- If there is a follow through after the first hour at all time highs.
- We can expect more follow through.
- Or as always Markets will fall Intraday and recover back in 2nd half.
- This is what is going on since a Month now.
- Financial Stocks are on a roll now.
- Specially the NBFC Companies.
- Bajaj Twins were the Heroes behind market recovery Yesterday.
- This is a ranging Market and its advisable to play the range.
- SGX Nifty indicates 100 Point gap up and if we really open here it's better to sell.
- Keeping a Stoploss of 50 Points spot.
- Dip towards 13480-13500 is a buying Opportunity.
- Yesterday another IPO has opened.
- Mrs. Bectors IPO this company deals in Bakery products.
- They have an Experience of 25 Years and have a good brand value in 5-6 States.
- Future Prospects of the Company looks promising
- Can Apply for listing gains as it won't list below the issue price.
- My Verdict - Subscribe.
- Nifty might Trade between 13480-13660 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Comments