- U.S Markets closed lower yesterday.
- But U.S futures are mildly positive now.
- Asian Markets are currently lower.
- SGX Nifty is trading near 14480.
- IT Stocks were the Outperformed Yesterday.
- IT index was up 3%
- Infosys and Wipro up 5% each.
- Every dip is a buying Opportunity.
- You are almost witnessing a dip everyday on Intraday Basis.
- That dip is getting bought into towards the end of the day.
- Reliance has spent almost 2 Months is Isolation (Consolidation) now.
- It started the Bull Market but now it's gone into Consolidation.
- Reliance Consolidation can last longer than expected.
- Between 2006 to 2016 Reliance has given Zero returns.
- From 2016 to now it's 7-8X excluding Dividend.
- This is the nature of Stock Market.
- On an Intraday basis wait for dip near Yesterday low
- Around 14400 could be a good place to accumulate longs if you get a dip.
- Slowly start Building positions and do not go all in at first.
- Nifty might Trade between 14380-14560 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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