- US markets ended flat Yesterday.
- Asian Markets are slightly positive.
- SGX Nifty is Trading close to 14950 now.
- U.S Feb minutes indicated that accomodative policy stance will continue.
- That has given an assurance to the Markets.
- Yesterday we had RBI monetary policy & it was as per Expectation.
- There were no change in Rates.
- Also RBI had come up with Interesting liquidity measure programs.
- Nobody expected this kind of liquidity measures like G Sec acquisition program, etc.
- Due to positive commentary by RBI the Bank Nifty made a 1000 point swing from intraday low.
- There was a big short covering Yesterday.
- Clearly RBI Policy was a trigger for short covering.
- I've sold 14700 , 14650 , 14600 PE Yesterday of weekly options.
- I am Confident on Global Markets.
- U.S Markets trading at all time highs so the breakout is likely to sustain with Positivity.
- Indian Markets also have some positive triggeres now.
- So selling Put options was the idea yesterday.
- Yesterday both FIIs and DIIs were net buyers in Cash market.
- 15000 CE has the highest open interest in Call Options.
- 14900 CE also had some addition Yesterday.
- If these levels taken out then we will witness big short covering.
- My Expectations for today expiry is in the first half we may be flat / negative.
- 2nd half we might go higher.
- 14700 PE on the lower side added big open interest Yesterday so this is likely to be a good support for the Markets today.
- Nifty might Trade between 14760-14980 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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