- US markets closed Flat Yesterday.
- U.S Markets have closed with a slightly Positive bias.
- Asian Markets are also Mixed.
- SGX Nifty is Slightly higher.
- Dow Jones has recovered more than 350 Points from Intraday low.
- At one Point , the selling pressure was really severe.
- SGX Nifty is up 80 Points.
- Yesterday too , Markets were highly Volatile.
- They were all over the Place.
- Markets will continue to remain highly Volatile as its Monthly expiry week now.
- As of now it doesn't appear a clear Direction for me.
- Markets are neither Bullish nor Bearish.
- Markets are Consolidating with high Volatility.
- Good news is that India VIX has reduced Yesterday.
- Usually as per past Experience Wednesdays are highly Volatile.
- Today also Markets are likely to remain highly Volatile.
- I expect Nifty to expire between 14600 & 15000.
- But I may be wrong too as the way Markets are moving , analysing direction is difficult.
- I'd look to sell Call Option near 15k for Nifty.
- Look to sell Put near 14600.
- Until then time to wait and watch.
- Nifty might Trade between 14640-14920 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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