- US markets closed higher on Friday.
- Asian Markets are also trading higher.
- SGX Nifty is up 70 Points.
- U.S Markets closed higher in Stimulus hope as the Jobs data was not upto the Mark.
- Over the weekend, US passed Stimulus Bill of US1.9 Trillion.
- This is creating a very Positive sentiment in the whole World Markets.
- Indian Markets are on a Dream Run since last week.
- Bank Nifty up 15% and Nifty up 10-12%.
- SBI up 40% in a week.
- Never ever this has happened before.
- 15k is a Psychological Resistance and once this is taken out we can see more higher levels soon.
- Markets won't rally as fast as they were from last week , the pace will surely reduce.
- But yes there is more to come after 15k.
- Not immediately but maybe in due time.
- ITC , the Sleeping Elephant has also woke up now.
- It is set to declare results this week.
- Auto Stocks are Underperforming now.
- This is the only sector not participated & haven't contribute majorly in the rally.
- Put Options are trading at high Premiums and now is the best time to sell Puts on any correction.
- Nifty might Trade between 14940-15080 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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