- US markets closed a percent lower Yesterday.
- Asian Markets were all Trading lower.
- But now things have changed.
- Dow Futures are Trading about a percent higher.
- SGX Nifty is now Trading near 13k.
- SGX Nifty made a low of 12750 on Friday.
- Now it has recovered by almost 250 Points overnight.
- 12780 is a strong support on Nifty.
- 13200 is a resistance.
- Expecting Nifty to trade between these Boundaries for some time now.
- SEBI's 25% margin block & leverage reduction rule will be applicable from Today.
- This might bring in higher Volatility in our Markets.
- We are in a ranging Market now.
- In Ranging Market gap downs need to be bought and gap ups to be sold .
- FII's bought for more than 60k crore in November.
- Now due to these margin issues their inflows might take a hit.
- DII's are mostly short of the Markets
- Most than 75% of the Retail is short on this Market.
- Markets cannot be relied on inflows only.
- Earnings also need to catch up.
- Nifty might Trade between 12880-13080 today.
- stockmarketadvisory.in
- Question of the day by MR. SUJITH.
- What is SGX Nifty and should we track the same overnight?
- SGX Nifty is termed as Singapore Nifty. After our market close Nifty is traded in Singapore Market overnight. Due to which gap ups and gap downs happen in our Market. Positional and hedge traders have to watch SGX Nifty.
- It's better not to track SGX Nifty whole night because it's not in your hand to do anything once the Market is closed and it will disturb your sleep as well.
- Better not to carry so big overnight positions that it will ruin your sleep
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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