- US markets fell Yesterday.
- US 10 Year Bond yield shot up to 1.55%.
- This is bound to happen due to more stimulus the Bond Yields will go higher.
- This is a worry for our markets.
- Another worry is the Volatility.
- U.S VIX is now close to 30.
- India VIX close to 30.
- Yesterday the Volatility was high.
- Expecting Volatility to increase going further in March series.
- Nasdaq is down by more than 10% from recent high.
- More than 10% fall in U.S Terms is considered as a correction.
- A fall of more than 20% is considered as Bear market.
- Asian Markets are beginning to recover slowly.
- SGX Nifty made a low of 14800 now trading around 14970.
- Option Premiums are too high indicating significant Volatility going forward.
- If we break today's low I won't be surprised to see 14500 again.
- Expecting Nifty to be volatile between 14800 & 15200 and this is the short term range.
- Nifty might Trade between 14880-15080 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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