- US markets closed yet at record highs.
- Asian Markets are flat.
- Although U.S jobs data wasn't upto the Mark , Markets are keeping their Momentum alive.
- The trend is:
- Market opens with a gap up , some profit booking comes and it gets bought into and Ultimately Market closes higher.
- This is the Scenario from past few Months.
- Good Corporate results , Vaccination and Passing of Stimulus are key Positives.
- NIFTY has rallied from 13600 to 15150 in 6 trading sessions.
- Bank Nifty from 30000 to 36000 in the same period.
- Auto Stocks also started performing Yesterday.
- Maybe due to Opening of Tesla Electric Plant in India , these Petroleum and Diesel Automobile companies are under pressure.
- 15500 Straddle has the highest open interest in Monthly Options.
- Expecting Markets to Consolidate near 15500 which is also 400 Points away from current level.
- So we have an upside potential of another 400 Points on NIFTY from here.
- Bank Nifty 37500 Straddle has highest open interest.
- So this level seems to be a mean for Feb month.
- Nothing more to preamt.
- We are witnessing one of the Greatest Bull Market of all time.
- Just follow the trend.
- Buy dips , do not do anything fancy.
- Stay in the game and let Market reward you.
- Nifty might Trade between 15080-15320.
- 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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