- US markets closed at record high Yesterday.
- Another record high for U.S Markets.
- Asian markets are Underperforming.
- SGX Nifty is lower by 20-30 Points.
- 10 Year Bond Yield is higher by 10 basis Points.
- Yesterday was again a very Volatile expiry.
- Markets were all over the place with heavy Volatility.
- Wipro has come up with good results and it was higher in U.S Markets.
- Markets as of now are very confusing and are not giving a proper signal / trend.
- With Covid Cases being reported at record high and new lockdowns things seem uncertain for our Markets.
- Now isn't the time to be Bearish.
- I will become bearish only if Nifty breaks 14200.
- Until that happens I'm going to continue to be Bullish with a rangebound view.
- FII's have turned net buyers.
- Yesterday they have bought plus DII's are also covering shorts.
- Coming week we have results of banking companies.
- These results will decide the trend going ahead.
- Nifty might Trade between 14420 -14640 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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