- U.S Markets closed lower on Friday.
- Today U.S Markets are closed.
- Asian Markets are trading lower.
- SGX Nifty is down 70 Points.
- On Friday our Markets have crossed all time highs and unlike before we have sustained at those levels.
- This shows strength in our Markets.
- Another major development was India VIX fell by 10% on Friday as soon as Market opened.
- This shows that the fear is going down.
- India VIX now is Trading below 18.
- So the option premiums are low and markets might not make big moves either side.
- RBI has levied ₹10 crore penalty on HDFC Bank.
- Although this amount is not big for a Bank having a size of 8 lakh Crores.
- In short term this might be some negative sentiment.
- This is still a buy on dip Market and we might Consolidate for some time now.
- While Nifty has crossed all time highs Bank Nifty is still 2500 Points away from its highs.
- Bank Nifty might underperform for 1-2 days but when it turns around it goes big.
- So keep accumulating dips as big move might be round the corner.
- On Friday Nifty was up 100 Points out of which Reliance led Nifty higher by 90 points.
- Reliance was up 6% on Friday.
- If Reliance wouldn't have been there we might have closed flat.
- Also from tomorrow Intraday leverages are coming down so it might effect Volumes.
- Im planning to watch how does this impact the Market and then trade.
- 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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