- US markets closed flat Yesterday.
- Markets all over the World are in a Consolidation mode currently.
- Many Asian markets are closed today for Holiday.
- SGX Nifty is down by 40 Points and near 15100.
- Yesterday we witnessed a highly Volatile trading session.
- Nifty was down 100 then in Negative then Negative 100 and then finally closed in Green.
- Yesterday I mentioned 15k as a critical support and it worked out well.
- Markets have rallied non stop after budget so they require a breather before rallying further.
- Consolidation keeps the market strength in check and bulls will be motivated by this.
- My Expiry range which I mentioned yesterday was 15k to 15400.
- Today I expect Nifty to expire between 14960 to 15240.
- Today may not be that Volatile as it was Yesterday.
- Expecting first half to be normal and Volatility may kick in for the second half of trading session.
- Bank Nifty finding resistance around 36500-36600.
- Markets closed almost flat for two days.
- Clearly 15270 is a strong resistance for Nifty now.
- I've sold 15250 CE and 14950 PE Yesterday on Nifty.
- Expecting to eat away all the Premium by today expiry.
- Nifty might Trade between 14960 & 15240.
- 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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