- US markets closed Flat once again.
- Asian markets are mostly higher.
- SGX Nifty is up 60 points.
- This week on Friday Closed at 14630. On Monday it closed at same level after 200 point gap down start.
- Tuesday we closed around 14500.
- And Yesterday again we closed around 14630.
- These consolidation and flat moves is a delight for option writers.
- I've mentioned that Nifty might Trade between 14500 & 14800 for this week.
- View continues even now.
- Todays expiry range is 14500 to 14800.
- So If you get to the extremes of the range you can implement contra trades with Stoploss.
- FII's & DII's have become net sellers now.
- Both are selling heavily.
- Still Market keeps inching higher which is surprising.
- Today's Covid Cases are at 4.12L which is yet another record high.
- India needs to implement complete lockdown to control Covid spread.
- This is not said only by me it's said by Experts like Uday Kotak etc.
- Positive economic data and tax collections is holding our Markets now.
- Always Remember markets work differently from Economy.
- A few stocks can hold market higher but the reality will hit someday.
- As of now I'm just trading the range and taking straddles & strangles.
- Today's gap up can be used 14800 CE with Stoploss according to your risk appetite.
- Valuations in some of the stocks cannot be justified now.
- Adani Green is trading at 800 PE Ratio which is insane valuation & still investors are crazy over it.
- Better be away from Political linked stocks.
- RBI Governers speech was a bit positive news for the Markets.
- Nifty might Trade between 14500 to 14800 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Comments