- U.S Markets closed higher.
- Dow Futures are higher now.
- U.S has declared strong Jobs data numbers.
- SGX Nifty is currently near 14980.
- Asian Markets have mixed cues.
- Many times Nifty has come towards 15k but unable to cross and sustain.
- This time we have positive Global Cues but Negative Local Cues.
- Covid Cases are at record high in India.
- Maharashtra is highly impacted state.
- Many Restrictions and lockdown on weekends have been imposed.
- This week is quite important as we have lot of results lined up.
- Many companies are set to declare results.
- This will decide the short term trend in our Markets.
- India VIX closed below 20 on Thursday.
- Option premiums are quite low.
- Last week for a fantastic week for option writers as premiums fell across board.
- Always remember after a very good week we are quite likely to have very volatile week.
- After very Volatile week we might have a ranging week.
- March end expiry was highly Volatile.
- April 1st week was ranging.
- Now things might turn up to be Volatile.
- So time for option writers to apply caution.
- Nifty might Trade between 14840 to 15060 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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