- US markets closed Flat Yesterday.
- Asian markets are trading with negative bias.
- Chinese Markets are closed for a week.
- SGX Nifty is In Flat Terrain.
- Markets all over the world are consolidating at higher levels.
- Indian Markets are also the same.
- An Agreement has been signed at Indo - China Border to control the Military forces.
- This will trigger a Postive sentiment over the Globe.
- Reliance Witnessed a good short covering rally Yesterday.
- If Reliance continues its momentum then downside for Nifty is almost NIL.
- India VIX cooled off a bit Yesterday.
- Over the Budget India VIX kept increasing.
- Yesterday's fall in India VIX indicating the fear is reducing at higher levels.
- Also Markets have been Consolidating so this is also contributing for a fall in India VIX.
- Consolidation is also a Positive sign for the Bulls.
- ITC has come up with decent results Yesterday.
- FMCG division in many areas witnessed double digit growth.
- It would be interesting to see how the stock reacts today.
- Expecting this week to be a Consolidation week.
- Don't expect Markets to make a big move.
- 15000 to 15400 is the primary range.
- Will look for Adjustments if this range doesn't hold on.
- Nifty might Trade between 15080-15260 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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