- US markets ended on a Flat note Yesterday.
- Asian Markets are also in Consolidation phase.
- SGX Nifty is Trading around 12270.
- Yesterday our Markets opened at fresh highs but we witnessed good profit booking Intraday.
- These sort of dips and Corrections offer a good Opportunity to build longs and re enter.
- In Bull Markets dips get bought into much faster.
- Feb first week we witnessed a fantastic rally in our Markets.
- After that we are into Consolidation phase.
- Uptrend is still intact while in Consolidation.
- India VIX was slightly higher Yesterday due to correction which had happened Intraday.
- Usually on Wednesdays India VIX stays higher and Volatility is more.
- Expecting this Expiry between 15040-15420.
- Highest Open Interest is in 15000 PE and 15400 CE.
- That's the reason why we witnessed good profit booking Yesterday at higher levels.
- I would be looking to trade in Extreme levels of the range.
- DII's have been Contineously selling this week.
- Actually , the Selling Number of DII's is more than buying of FII's.
- Bank Nifty looks Stronger to Nifty.
- But at the same time Bank Nifty is highly Volatile.
- Moves are quite fast compared to that of Nifty.
- Nifty might Trade between 15120-15350 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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