- U.S Markets closed slightly higher yesterday.
- Asian Markets are mixed.
- SGX Nifty is up by 10,20 points.
- U.S Markets are into a long term consolidation.
- Our Markets are on the verge of making fresh highs.
- Mid cap index has already touched fresh all time highs.
- Due to some underperformance in heavy weight stocks the major indices might take some time.
- Today is the May expiry & it has been a very good month for the Bulls as on today.
- Nifty is away just a percent from all time highs whereas Bank Nifty is away 7-8%.
- As for value traders Bank Nifty has a good value on the upside from here.
- It's just a matter of time before the Bank Nifty catches up with Nifty.
- Reliance and HDFC Bank have been underperforming the Nifty.
- Once these 2 stocks turn around then the situation will change.
- It's a buy on dip Market.
- 15000 is a strong support and any dip can be used to sell 15000 PE June Expiry.
- FII's were net buyers whereas DII's were on the sell side.
- Monthly Expirys are highly Volatile so trade with caution today.
- Nifty might Trade between 15180-15420 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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