- US markets closed flat Yesterday.
- At one point of time U.S Markets were down about a percent but it had recovered all of its losses Intraday.
- Nasdaq was down whereas Dow was positive.
- SGX Nifty hit a low of 14380 Yesterday but now it's trading near 14600.
- 220 point recovery overnight.
- Asian Markers are slightly positive now.
- RBI Governer Mr.Shaktikanta Das is going to address Media today.
- This is on a very short notice and also Unscheduled.
- Markets are expecting some positive news out of the speech hence SGX Nifty is firmly higher.
- Today's Market movement will be based on what RBI Governer addresses.
- If it is a Non event Market will be trading based Global Markets etc.
- Or else if it is something important then Markets will follow RBI Governers news.
- Yesterday I mentioned that Nifty might Trade between 14500 to 14800 for some days.
- Yesterday we broke Lower level marginally but today's opening again will be within these levels.
- If nothing major comes out of RBI Governers speech then I expect this range to continue for today as well.
- Markets all over the World are in a Consolidation zone.
- This Consolidation is happening with high Volatility and high swings.
- Last 2 Months March & April on a close to close basis Markets have gone nowhere and are at same level.
- Only a trader knows what was the Volatility durring these times.
- So the Market focus would be on Shaktikanta Das today as he would be takikg Center stage.
- Remember that tomorrow is expiry and Wednesdays session is very Volatile.
- Nifty might Trade between 14400-14780 today.
- Slightly bigger range today as we have a news based event today plus Wednesday Volatility would also kick in.
- I haven't done any changes to my positions except I've shifted 14900 CE to 14800 CE when Markets fell yesterday.
- Remaining Positions I'm holding still.
- 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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