- US markets closed higher on Friday.
- Asian markets are majorly positive.
- SGX Nifty is near 14400.
- Corona Virus are being recorded at all time high on daily basis.
- Experts say this may peak out till May End but this isn't certain.
- Japan has declared Covid Emergency in their Metro cities.
- Delhi has extended lockdown for another week.
- Many States like Karnataka etc resorting to another fresh lockdown.
- FIIs have sold for more than ₹1300 crores.
- FII's clearly have turned bearish on Indian Markets.
- This is the first Monday in last 4 Monday's where we are opening in positive zone.
- But will this sustain or not only time will say.
- ICICI Bank has come up with results over the weekend and the numbers look good.
- How will the stock react to the same needs to be seen today.
- This week we are set to get in many results Including Reliance etc.
- Iternational help are some positives on Corona front as of now.
- For the whole of April we haven't gone anywhere on a close to close basis and it was just a Consolidation.
- Usually when this happens the last week is likely to give a big move.
- Volatility is likely to be much higher in the last week of monthly expiry.
- Nifty might Trade between 14260 to 14480 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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