- US markets closed Flat Yesterday.
- Asian Markets are mostly Trading higher now.
- SGX Nifty is up 100 Points.
- This Gap up is likely to be sold into again.
- Technology stocks are seeing huge selling pressure globally.
- TCS has fell more than 10% in last few weeks.
- Yesterday, Asian markets opened positive and then before our markets open, sold off.
- Today, Asian markets opened lower but recovering before our markets open.
- This 100 Point gap up is an easy sell trade.
- These are good risk reward trades.
- Market is highly bearish now.
- But also a good short coveting may creep in.
- India VIX was up 15% Yesterday.
- Put Option Premiums rose Significantly.
- One thing is for sure , Volatility will be huge now.
- Nifty might Trade between 14620-14880 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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