- US markets closed at fresh all time high Yesterday.
- Dow Futures are now mildly higher.
- SGX Nifty is trading around 14850.
- Markets have been fairly Rangebound for last Expiry.
- India VIX has also fallen.
- Options Premiums indicating a fairly ranging Market ahead with a positive bias.
- Yesterday U.S announced waiver of Intellectual property rights on Vaccines.
- This has come as a positive news and after many days of selling by FII's , Yesterday was their first significant buying day.
- Weekly jobless claims came better than expected and lowest post pandemic figure.
- This is a very important data reported by the U.S.
- Today HDFC twins are set to declare results.
- Market expecting good numbers from both these stocks.
- These both stocks will decide today's action in indices.
- Do not carry Positions over the Weekend without hedge.
- This week's expiry is a truncated expiry as we have only 4 working days as Thursday being a holiday.
- So options premium are low already.
- Fed made a statement saying there is a significant rise in asset classes and they are vulnarable for a sharp correction.
- RBI had come up with a similar statement when Nifty at 12k saying there's excess liquidity due to which Markets are higher and fundamentals not that great.
- But Market went to 15k.
- In Bull Market all the Negative news get ignored and in Bear Market it gets Amplified.
- Nifty might Trade between 14680-14940 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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