- U.S Markets closed lower Yesterday.
- Dow Futures are currently Negative.
- SGX Nifty is Trading near 15050.
- Last 2 days we had a phenomenal rally in our Markets.
- We might now consolidate for some time.
- This small dip is a pause in the Upcoming rally.
- Markets after rallying so quick in so less time take some rest.
- FII's & DII's both were net buyers yesterday.
- That's why yesterday HDFC Bank has outperformed.
- India VIX has closed below 20 Yesterday.
- Yesterday after a big gap up we have consolidated throughout the day.
- Today expecting the same.
- Expecting a Rangebound day with Consolidation today.
- 15100 PE & 15000 PE have added huge open interest yesterday.
- 15000 will act as a strong support for this expiry now.
- Today the U.S Fed will come up with its Minutes regarding interest rates etc.
- Stock Market is waiting for new developments regarding interest rates , inflation etc to get a future idea.
- Expecting Bank Nifty outperformance to continue ahead.
- For the 2nd Consecutive day the Covid recoveries have been more than positive cases.
- We might not follow Global Marlets for some time now.
- Nifty might Trade between 15040 to 1524p 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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