- U.S Markets closed lower on Friday.
- Right now U.S Futures are almost flat.
- Asian Markets are majorly negative.
- SGX Nifty is Trading near 13740 now.
- There were some news flow over the weekend.
- Reliance has come up with a Unique Gas based system which can meet 15% of Asia's demand.
- This is a Postive news for Relaince & due to this Reliance might gap up today.
- U.S Stimulus has been agreed for $900 Billion.
- Fed has removed Buy back restrictions on Banking Stocks.
- U.K has noticed major new Cases for Corona Virus.
- This is a Negative news.
- We are in a Liquidity driven Market now and that is being provided by FII's
- This is a shortened trading week with Friday being Christmas holiday.
- Majorly expectation is big players won't be active in last week's of December.
- Consolidation is expected now with a slight postive bias.
- Whenever there is an Intraday dip , it is being Immediately bought into.
- Market closes at the highest point of the day by End of the day.
- This has been the trend since few Months.
- This might continue until the Budget as well.
- Tracking the Europe Markets is important today which opens at 1 PM IST.
- Currently European Futures are down more than a percent.
- Nifty might Trade between 13640 to 13820 today.
- stockmarketadvisory.in
- Question by Mrs. Shital.
- What is the most Important Quality for a Trader according to you?
- From the Moment we are born , we have been taught to be perfect in every way.
- In School we have taught to get 99% , 100% etc.
- So this Perfection Quality has been Embodied in our mind since the day we are born.
- If we do not achieve perfection we feel lost , hopeless and get a feeling that world wouldn't accept us.
- Trading is a no perfection game. This is a game of Probability and chances.
- If you want to perfect in your trading , calculate it on the basis on Discipline and Risk Management etc.
- Those who wanna make Profit on every trade will Blow up their Accounts.
- If you make losses it's okay as long as they are in your Control.
- Don't feel that you are a Failure etc. Controlled Systematic losses are a part of the game.
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
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