- US markets closed higher on Friday.
- Asian markets are higher.
- SGX Nifty indicates more than 100 Point gap up as of now.
- Thursday it was a big down , today a big gap up.
- Volatility continues to be extreme.
- India VIX was up on Friday which is natural when Market goes lower.
- Today's gap up is majorly due to good Job numbers posted in U.S
- Market is being Volatile but is Trading within the range.
- Rangebound Approach is to be adopted for making money in this Market.
- Mean Reversion strategy should be used by students attended training from me.
- The primary range is 14800 to 15200.
- Broader range is 14500-15200.
- Take counter positions near extremes and apply Mean Reversion.
- Fundamentals data from China is also good.
- They have reported good Export Import data.
- It's March End and it's Financial Year closing time.
- Squaring up of positions , booking profits etc are natural in such scenario.
- Volatility can increase as we go ahead in March series.
- Nifty might Trade between 14920-15140 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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