- US markets closed in red.
- Asian Markets are Mixed.
- Trump has put a halt for US Stimulus.
- This triggered a sell off and Negative sentiment.
- Yesterday our Markets bounced back pretty well after a huge sell off few days back.
- Coming to know from many Sources that all the Pending orders between 11.30 to 11.40 got cancelled due to Technical Glitches.
- Many traders like me place a Stoploss order and we handle our daily works.
- I take care of clients after putting the same in system.
- But due to Technical Glitch all of them got cancelled.
- So when these Stoploss orders get cancelled it led to huge fall.
- Now this Mutant Corona Virus fears are on the floor.
- Markets are worried about this currently.
- Yesterdays low and high remain important levels for today.
- We might consolidate between these levels for some time & after European Markets open.
- We could Possibly make a big move.
- View remains Rangebound / Negative now.
- FMCG stocks look safe bets now.
- IT Stocks should also be on radar.
- Amidst this Volatility you shouldn't keep your postions open for longer time.
- Enter and get out quick.
- Because one Volatile move can throw you out.
- Nifty might Trade between 13300-13520 today.
- stockmarketadvisory.in
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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