- US markets opened Negative but closed at highest point of the day.
- U.S Futures right now are slightly Negative.
- SGX Nifty is around 13450.
- European Futures down by 3%.
- Until yesterday afternoon, European futures were down only 1%.
- After their markets open, they fell 3%.
- Yesterday was one of the worst Intraday crash in our Markets.
- Markets fell so fast with many people who couldn't take any sort of action.
- Yesterday india VIX went up by 25%.
- Option Premiums are still very attractive.
- FII's for the first time were Net sellers Yesterday.
- Whether they keep selling or this was a one off selling?
- Time will only say.
- I've warned previously to be cautious and start booking profits specially for Investors.
- One day could take away your monthly returns.
- No range , no support will work now.
- Just focus on price action.
- Now we are in a sell on rally mode until we defend any major support level.
- Yesterday's fall was due to fresh Mutant Corona Virus cases detected in Europe.
- These cases are 70% more dangerous than Regular Corona Virus cases.
- Nifty might Trade between 13150 to 13500 today.
- Big range due to Unexpected Volatility.
- 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
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