- US Markets closed Higher Yesterday.
- Right now , U.S Futures are flat.
- SGX Nifty is Trading near near 13960.
- Asian markets are Mixed.
- Today is the last day for December series.
- 2020 has been a very Volatile Year.
- First we had big fall and then Fantastic recovery.
- 14k is a big Resistance & as of now we are defending this level.
- If 14k is crossed and sustained we will witness 14100 is no time.
- 13800 is a good support to work for today.
- So my Expiry range is 13800-14k.
- With a condition of BREAKOUT at 14k.
- Reliance has been consolidating is 100 Point range since last Month.
- For Markets to make higher highs from here Reliance has to perform.
- Union Budget would be a very Important event for Markets now.
- Projections , growth , deficit , Inflation etc would be some big numbers.
- I've sold 13800 PE & 14100 CE.
- Would be sitting in 50% gains today Morning.
- Would adjust my Positions accordingly based on Market Movement.
- Nifty might Trade between 13880-14040 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
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