- US markets fell, worst fall since October 2020.
- Worst Gap down hinting for SGX Nifty today.
- 300 Point Gap down we are likely to open into.
- So the logic is simple , selling again after a gap down doesn't make sense now it's the time to buy.
- Buy big gap downs sell big gap ups , that's where risk - reward is in your favour.
- So I'm interested to buy this gap down on a Positional basis by keeping stoploss of 14650 which is last weeks low.
- Volatility will be high today.
- India VIX is likely to trade above 30.
- Do not worry about Global issues and worry of this gap down.
- Trend will always sustain and it sustains for longer term.
- Many People are talking about Bear Market and trend reversal.
- I don't think so.
- Trends don't change so easily and so quickly.
- So forget about that.
- Nifty might Trade between 14760-15000 today.
- 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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